What's Enterprise Thinking?
March 27th, 2004 Posted in Main Page
Desperate measures call for desperate times. You would think that given Enterprise Capital Management's latest attempt to kill the Manitoba Telecom Services-Allstream deal by leaning on little-used Toronto Stock Exchange regulations to force a meeting of MTS shareholders. The biggest problem - and one Enterprise appears unable to overcome - is that MTS's board approved the $1.7 billion acquisition of Allstream, and MTS has a binding agreement to complete the deal. Unless Enterprise can find a loophole or BCE, which owns 21% of MTS, steps into the fray, it seems like the acquisition will close in June.
