{"id":764,"date":"2007-04-17T09:47:49","date_gmt":"2007-04-17T13:47:49","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=764"},"modified":"2007-04-17T09:47:49","modified_gmt":"2007-04-17T13:47:49","slug":"bce-in-buyout-talks","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=764","title":{"rendered":"BCE in Buyout Talks?"},"content":{"rendered":"<p>Reuters <a href=\"http:\/\/ca.news.finance.yahoo.com\/s\/17042007\/6\/finance-bce-buyout-talks-canada-led-group.html\">has reported<\/a>:<\/p>\n<blockquote><p>BCE Inc. has entered talks with a group of Canadian pension funds that could lead to the company being taken private, Canada&#8217;s top telecommunications group said on Tuesday.<\/p><\/blockquote>\n<p>I have seen long Bell bonds offered at 270bp over Canadas &#8211; a widening of 50bp over yesterday.<\/p>\n<p>I have <a href=\"http:\/\/www.prefblog.com\/?p=757\">previously noted<\/a> the event risk on the BCE preferreds &#8230; which, while having been hurt lately, have suffered not nearly as much as the Bonds &#8230; a widening of 50bp in one day? on bonds with a duration of about maybe 12? That&#8217;s 6% on price.<\/p>\n<p>Retail &#8211; which means holders of BCE preferreds &#8211; may well do what retail is best at: ignore the situation until they&#8217;ve been told 20 times, then over-react big time.<\/p>\n<p>This could be interesting.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters has reported: BCE Inc. has entered talks with a group of Canadian pension funds that could lead to the company being taken private, Canada&#8217;s top telecommunications group said on Tuesday. I have seen long &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13,16],"tags":[],"class_list":["post-764","post","type-post","status-publish","format-standard","hentry","category-issue-comments","category-miscellaneous-news"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/764","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=764"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/764\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}