Michael Smedley’s analyst opinions on Sun Life Financial and BCE
About Michael Smedley of Morgan Meighan and Associates
Michael A. Smedley, who joined the firm in 1987, heads the investment team at Morgan Meighen. He is a director of the three closed-end funds managed by the firm. He has been employed in the investment industry for over 30 years working with Canadian and U.S. investment firms in Canada, Hong Kong and London. He has extensive background in many areas of the business including institutional and private client services. Prior to joining the financial industry, he was employed for many years in journalism and public relations and has worked altogether in eight countries.
Okay, what now?
Date: 11.26.08 Posted by: Taylor Beatty
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replyThe world's largest leveraged corporate buyout is in deep trouble after an accounting firm's report cast doubt that the takeover of Bell Canada's parent will be able to proceed.
BCE Inc. (TSX: BCE.TO) said Wednesday a KPMG analysis indicates it cannot meet solvency tests defined in the agreement for it to be acquired by an investor group led by the Ontario Teachers' Pension Plan.
If the deal doesn't go through, it could mean a major restructuring at Canada's biggest telecommunications company.
BCE will be fine
Date: 11.26.08 Posted by: Jake Feldon
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replyThis will work out. Trust me.