Posts with tag BMO Capital
Posted Jan 16th 2008 9:00AM by Paul Foster
Filed under: Deals, Madison Dearborn Partners, Providence Equity Partners, Engagements
BCE Inc. (NYSE: BCE), Canada's largest telecommunications company, announced on June 30, 2007, that it agreed to be acquired by an investment arm of Ontario Teachers Pension, Providence Equity Partners and Madison Dearborn Partners for an announced deal price of $42.75 per share. The deal is expected to close in Q1 of 2008.
Yesterday, BCE stock closed at $37.41 per share. BMO Capital says, "we believe the deal will close as intended." BMOC also says, "the stock could trade down to the $27-30 range in the event the deal were canceled."
BCE over all option implied volatility of 36 is above its 26-week average of 20 according to Track Data, suggesting larger risk.
M&A Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.
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