Posted AT 5:02 PM EDT on 20/05/08
BCE shares pounded
Canadian investors pounded BCE Inc. shares Tuesday, amid reports that the banks that have agreed to finance the proposed $35-billion takeover may back away unless the price is reduced from the $42.75 a share already approved by shareholders.
BCE's stock closed down $1.42, or 3.7 per cent, on the Toronto Stock Exchange. The TSX was closed Monday for the Victoria Day holiday, and Canadian investors were catching up with their U.S. counterparts.
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| Market | Change | Value |
|---|---|---|
| Data delayed 15 minutes | ||
| S&P/TSX | -133.18 | 14,010.39 |
| DJIA | +.00 | 11,288.54 |
| S&P 500 | +.00 | 1,262.90 |
| Nasdaq | +.00 | 2,245.38 |
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