RE:RE:RE:RE:analysts estimating the bomber at $.20 , j'ai mon voage That might have been burning a bridge that they weren't (and aren't yet) prepared to burn. As you say, if they end up going the converts route, they could be looking at CDPQ again, although I think they have other options. It certainly wouldn't be out of line for CDPQ to work a sweetheart deal with BBD after the windfall they got with BT.
Jim
PabloLafortune wrote: I took a closer look at other assets and liabilities a while back and while most of it is of the provision/expense recurring variety, some of it is one time esp CRJ remnants due to MHI. So having some cash from among other things Alstom coming in later to offset these could come in very handy. Otherwise they have to say debt is $4.5B now for example and then later try to explain (once again!) why they have a cash shortfall (because of that CRJ/MHI one time stuff). And of course this later settlement works for Alstom too as they seemed to have received pressure for shareholders to pay less thus the rights offering for example. My interpretation of CDPQ's silence is that it relates to BBDs option. It never made sense to me that LB didn't get his pound of flesh from CDPQ at the time of the deal a year ago. CDPQ is a significant financial beneficiary here AND they now have shares In a large public co as opposed to the mess they invested in with BT.