Bell buy banks want to renegotiate: Report

NEW YORK – The American banks that have committed themselves to backing the $52 billion leveraged buyout of Bell Canada are seeking to renegotiate the deal, says a Monday story in the New York Times. According to the story, the banks want new terms, including higher interest rates and stronger protections for the banks, as well as a lower purchase price, which is currently set at Cdn$42.75 per share. Shares closed at $38.80 on Friday and the Toronto Stock Exchange is closed today for the Victoria Day long weekend but BCE shares trading in New York were down over $2, or...