Bell Canada Enterprises, while awaiting the closing of the company's $51.7 billion sale to the Ontario Teachers Pension Plan and two U.S. private equity firms, is fighting back against a lawsuit filed by BCE bondholders who protested the deal. In a court filing, BCE said some bondholders, who had argued that the proposed leveraged buyout hurt the value of their bonds, actually have since bought more BCE bonds. BCE says the hypocrisy hurts the bondholders argument, though couldn't the bondholders argue back that bond values were hurt so much by the LBO proposal that they were just instinctively bottom-feeding, in which case making their argument seem more valid?
For more:
- Canada's National Post reports