BlackBerry shares sink on growing unease about Fairfax bid - Reuters
BlackBerry Ltd shares fell five percent on Wednesday on rising doubts a $4.7 billion takeover offer for the struggling smartphone maker by Fairfax Financial Holdings Ltd will succeed. Shares of BlackBerry traded at $8.10 on Nasdaq in afternoon trading, well below the $9-a-share offer. BlackBerry and Fairfax, its largest shareholder with an almost 10 percent stake, unveiled the plans on Monday for a consortium led by Fairfax to make a takeover bid.
25 September 2013•3 mins read
