definitive agreement

• Shares of BCE (NYSE: BCE) are down 39% today after the company announced it has received a preliminary view from KPMG that, based on current market conditions, its analysis to date and the amount of indebtedness involved in the LBO financing, it does not expect to be in a position to deliver on the scheduled effective date of BCE's privatization, December 11, 2008, an opinion that BCE would meet the solvency tests as defined in the definitive agreement, as amended.
  
  The receipt at the effective time of a positive solvency opinion is a condition to the closing of the transaction.
  
  In

StreetInsider.com After-Hours Movers:

Longs Drug Stores (NYSE: LDG) 29% HIGHER; CVS Caremark and Longs Drug Stores entered into a definitive agreement under which CVS Caremark will acquire Longs for $71.50 per share in cash for a total purchase price of $2.9 billion including the assumption of net debt.

Shares of Longs closed at $54.04 today.

Tween Brands (NYSE: TWB) 16% LOWER; reports a Q1 loss of $0.27, versus the analyst estimate of ($0.01).

Revenues for the quarter were $223.1 million, versus the consensus of $245.11 million. Sees 2H08 EPS in the range of $0.35-$0.65.

Cable tycoon John Malone got his long-thwarted wish of consolidating ownership of Discovery Communications’ cable networks when Advance/Newhouse Communications signed a definitive agreement Wednesday to combine its one-third stake.

StreetInsider.com Pre-Open Movers:

Millennium Pharmaceuticals, Inc. (Nasdaq: MLNM) 49% HIGHER; Takeda Pharmaceutical Company Limited and Millennium Pharmaceuticals entered into a definitive agreement pursuant to which Takeda will acquire Millennium for approximately $8.8 billion through a cash tender offer of $25.00 per share.

Tuesday Morning Corporation (Nasdaq: TUES) 24% LOWER; reports Q3 sales came in at $178.4 million.

Same store sales for the period decreased 8.2%, compared to the same period last year.

Microsoft's CEO Steve Ballmer spent some quality time with his negotiations team over the past few hours and considered the actions of Yahoo concerning the $44.6 billion bid issued publicly back in February, and has come to a conclusion: enough is enough.