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What's Enterprise Thinking?
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.