09-23-2013, 06:10 PM
Join Date: Jul 2005
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| | Re: blackberry to speed up sales of company
Not sold yet. From WSJ:
"BlackBerry Ltd. BBRYx+1.09% said Monday it reached a preliminary deal with one of its biggest shareholders to try to take the company private for about $4.7 billion, kicking off a process to find better offers for the struggling company.
"Fairfax Financial Holdings FFH.Tx+1.10% Ltrd., a Canadian insurance firm, signed a letter of intent with the BlackBerry board where it could pay $9 a share in cash for the BlackBerry shares not already held by Fairfax. The firm holds about 10% of BlackBerry's share.
"The deal is far from completexxx8212;it is subject to six weeks of due diligence until Nov. 4, and BlackBerry is entitled to shop the company during this period. The Fairfax group still needs to raise financing for its potential deal...."