four more trading days ...The waiting is the hardest part. I expect silence this week from BCE until after close on Thursday 11-Dec when either:
A. BCE announces deal has closed as planned and shareholders will receive their money within 3 business days (like settling selling the securities) in their trading accounts (by Tue 16-Dec); (non-zero <1% chance)
B. BCE announces deal has failed to transpire (>99% chance)
In order to counter the massive round of "disgust" selling that would take place the next day, the failure announcement won't just be the bad news full-stop. It would likely be accompanied with some good news eg. receipt of break-fee, dividend re-instatement, a special dividend, share buyback. Something. I don't have high expectations, it would be reasonable to expect something material.
Depends what they say. If there is enough meat in their announcement signalling we commons have dividends back at least going forward if not the lost ones, there should be a decent pop up to the mid-to-high $20's. In the unlikely event they irresponsibly give us an empty goose egg, I'm afraid we'll see $18-ish.
Without any new rumours and such, I would think it would trade flat next week ($22-$23)