BlackBerry shares rise on report Cerberus may wish to bid - Reuters
A report of a possible second expression of interest in BlackBerry Ltd reversed a stock price slide on Wednesday, after the struggling smartphone maker announced $400 million in pre-tax charges related to cuts announced last month. The Wall Street Journal, citing people familiar with the matter, said BlackBerry has attracted interest from firms including Cerberus Capital Management LP that specialize in distressed investing. Cerberus aims to sign a confidentiality agreement with BlackBerry that would allow it to access private financial information, but it might in the end not bid, the Journal quoted one of its sources as saying.
2 October 2013•2 mins read
