Canadian Courts and the Bell Canada Buyout

As mentioned yesterday on this site, a Canadian appeals court permitted Bell Canada debt holders to complain about the effects of a negotiated leveraged buyout on the value of the debt securities.  The effect?  The deal is in danger and the Bell Canada stock has dropped like a rock.  Stock prices were down 12 percent and selling volume was so heavy that computer systems at Canadian exchanges could not keep up with it.  The banks financing the buyout have wanted out anyway and the court handed them a convenient excuse to bail on the deal.  Don't you love it when courts act in "our best interest."