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June 3, 2008
Baffled by BCE Case
I'm glad the courtroom kids in Canada are having a nice time ruling on the BCE private equity buyout. But I'm still puzzled. Ruling that the deal should go ahead strikes me as ruling that gravity should be different: You're not going to change Wall Street's unwillingness to fund it today on yesterday's terms.
Dan Primack makes a similar point here.
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