There’s now a significant chance that the BCE privatization won’t happen under the initial terms. It was announced over the weekend that the lenders wanted to renegotiate the terms of the deal (higher interest rates, lower price). Then today, the QuÃ©bec Court of Appeal overturned a previous ruling against the bondholders, taking the stock down more than 10%. All told, BCE stock is trading at almost a 25% discount to the original deal price. This is a big deal, as its shares are one of the most widely held by Canadians, making up part of countless RSPs and private investment portfolios.