Friday, July 1, 2011

Nortel patents sale

According to Marketwatch Nortel has sold its patents for $4.5b to a consortium. See

If this is true it will be a very nice addition to the total estate that will be available for distribution.

Now they need to get the allocation process sorted out and also deal with the claims including the outrageous claims from Europe.

Then we may see some distribution against our outstanding claims.

Hopefully this will do something to help the deficit in the Canadian pension trust fund.

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