lundi 23 septembre 2013


BlackBerry Limited (NASDAQ: BBRY) ( is in serious trouble on its own. The company’s only hope is a buyout under its search for strategic alternatives, and now have the first summation of a deal. The company announced after another share halt on Monday that it has signed a letter of intent agreement with a consortium to be led by Fairfax Financial Holdings Limited to be acquired.

Be advised that this is subject to due diligence AND that shareholders are not getting any big premium here at all. In fact, the buyout is a cash offer of only $9.00 per share. The preliminary terms call for this transaction to be valued at a mere $4.7 billion. Another risk here is that the buyout group is seeking financing.
Fairfax owns approximately 10 percent of BlackBerry’s common shares. Of course the company did bother to mention that it intends to contribute the shares of BlackBerry it currently holds into the transaction.

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