Fairfax Bid Places Little Value on BlackBerry (BBRY)
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Fairfax Takeover of BlackBerry (BBRY) Unlikely to Close - Bernstein
September 25, 2013 12:48 PM EDTBernstein's Pierre Ferragu said he has "increased conviction" in his Underperform on BlackBerry (NASDAQ: BBRY) Wednesday, saying the Fairfax takeover deal is unlikely to close.
For an analyst ratings summary and ratings history on BlackBerry... More
Fairfax's Watsa Personally Calling for Backing of BlackBerry (BBRY) Bid; Sees Little Interest
September 25, 2013 10:09 AM EDTPrem Watsa's Fairfax Financial is calling around to several leading Canadian and U.S. pension funds and private equity firms to get backing for its $4.7 billion BlackBerry ltd. (Nasdaq: BBRY) bid.
According to Canada's Globe & Mail, Watsa has been personally... More
BlackBerry (BBRY) Bears Take Heart, Despite Offer Stock Likely Going Lower - Analyst
September 24, 2013 11:38 AM EDTAfter taking a victory lap Friday on lower financial guidance, BlackBerry (NASDAQ: BBRY) bears were taken back Monday after a $9/share all-cash offer from Fairfax Financial was revealed. However, one analyst is sticking to his view that the stock price will fall further from current... More
Does Anyone Really Want to Buy BlackBerry (BBRY)?
September 24, 2013 7:12 AM EDTLike the old saying goes: markets don't lie.
In this case, the truth is being exposed for BlackBerry (Nasdaq: BBRY). Despite entering a letter of intent with Fairfax -- a 10 percent holder of the company -- on Monday for a potential takeover at $9 per share, BlackBerry ended Monday's session just just 1.1 percent better at $8.82. Generally, when prospects for a company look like they might go up, shares will trade above a proposed takeover price.... More
