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Old 09-23-2013, 01:02 PM   #2
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Default Re: Fairfax makes a play for BlackBerry

Apparently, the deal is done.

Fairfax strikes $4.7-billion deal to buy BlackBerry - The Globe and Mail

Fairfax Financial Holdings Ltd. has put together an equity consortium that is seeking to take BlackBerry Ltd. private for $9 (U.S.) a share, a deal valued at about $4.7-billion.

BlackBerry is giving the group six weeks to conduct due diligence, with a final agreement expected by Nov. 4. BlackBerry is able to look for alternative offers in the meantime, but the Fairfax group has a right to match them. Fairfax's equity partners want to remain anonymous until the due diligence is completed.

Source: Home - The Globe and Mail
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