{"id":9396,"date":"2008-12-18T00:00:00","date_gmt":"2008-12-18T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"merger-arbitrage-other-hedge-funds-hurt-by-nixed-bce-deal","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2008\/merger-arbitrage-other-hedge-funds-hurt-by-nixed-bce-deal.html","title":{"rendered":"Merger-Arbitrage, Other Hedge Funds Hurt By Nixed BCE Deal"},"content":{"rendered":"<p>Wall Street Journal&nbsp;&#8211; If you thought the collapse of one of the biggest leveraged buyouts in history would be devastating for merger-arbitrage hedge funds, you&#8217;d be right. But pure merger arbitragers weren&#8217;t the only hedge funds hurt. <\/p>\n<p>The $41 billion buyout of Canadian telephone company BCE Inc. (BCE) has been officially nixed, sending the stock down to its lowest levels in six years. Even investors who don&#8217;t typically play merger deals have gotten hurt. <\/p>\n<p>That&#8217;s because starting in mid-September, the spread between the deal price and BCE&#8217;s share price had widened considerably, thanks to what turned out to be legitimate <\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/online.wsj.com\/article\/BT-CO-20081211-713806.html?mod=\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wall Street Journal&nbsp;&#8211; If you thought the collapse of one of the biggest leveraged buyouts in history would be devastating for merger-arbitrage hedge funds, you&#8217;d be right. But pure merger arbitragers weren&#8217;t the only hedge funds hurt. The $41 billion [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[140,810,2796,4227,405,147,83,1880,1545,353,439],"class_list":["post-9396","post","type-post","status-publish","format-standard","hentry","category-activist-funds","tag-alan-greenspan","tag-capital-group","tag-dealer-operations","tag-hilton-hotels-corp","tag-investment-capital","tag-journalism","tag-medallion","tag-stephen-schwarzman","tag-stint","tag-stocks","tag-sumitomo"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9396","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=9396"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9396\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}