Clear Channel Ruling Should Boost BCE Shares

3/27 - "Last evening's decision by a Texas judge that would obstensibly force the banking syndicate to proceed with the Clear Channel LBO (CCU) cannot go unnoticed by every lender (and bank shareholder) in North America...Assuming the judge’s decision is upheld on any eventual appeal, BCE (BCE) shareholders can rejoice a snick (see prior post “Headline writers ‘misspeak’” March 26-08). Although we operate in a different legal climate than the U.S., and every contract is different, the mood of the Bench will not be lost on the banks “backing” the Teachers’ BCE transaction."

"In the pavlovian market that we live in, BCE shares will likely tack on some early gains today, just as the stock was down C$1.25 on the heels of trouble at Clear Channel deal central."