Banks still tough on buyouts
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#1 May 20, 2008
Someone in fairness should tell the Ontario teacher's association what a real bad Investment Bell now is still too.
The banks must have been reading my reports on how baD Bell really is as posted on many internet sites.. http://www.google.com/search...
The lenders, who have grown nervous by the extent of their financial commitments in this uncertain credit environment, adopted more aggressive negotiating tactics on Friday, and began pushing the buyers to reduce the purchase price and agree to more favourable interest rates on the loans, according to people familiar with the matter. With only weeks to go before the deal is slated to close, the friction between the banks, led by Citigroup Inc., and the acquirers, led by the Ontario Teachers' Pension Plan, has fuelled concerns that the record buyout could fall apart. Someone in fairness should tell the Ontario teacher's association what a real bad Investment Bell now is still too.
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