BlackBerry (BBRY) Files Patent Suit, Counterclaim Against Cypress (CY)
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Lenovo Considered Buying BlackBerry (BBRY), Canadian Gov. Said 'No' - G&M
November 5, 2013 7:17 AM ESTLenovo considered buying struggling handset-maker BlackBerry (Nasdaq; BBRY) but was told by the Canadian government it would not accept a takeover by a Chinese company due to security concerns, according to reports in Globe and Mail.... More
Fairfax, Others to Invest $1B in BlackBerry (BBRY); CEO Heins to Step Down
November 4, 2013 8:32 AM ESTBlackBerry (Nasdaq: BBRY) announced that it has entered into an agreement pursuant to which Fairfax Financial Holdings Limited ("Fairfax") and other institutional investors (collectively, the "Purchasers") will invest in BlackBerry through a U.S. $1 billion private placement of convertible debentures. Fairfax has agreed to acquire U.S. $250 million principal amount of the Debentures. The transaction is expected to be completed within the next two weeks.
Under the terms of the transaction, the Purchasers will subscribe for U.S. $1 billion aggregate principal amount of 6% unsecured subordinated convertible debentures (the "Debentures")... More
