BlackBerry Agrees to $4.7 Billion Buyout
BlackBerry Monday announced it has agreed to a buyout offer led by Fairfax Financial Holdings Limited by singing a letter of intent. The consortium led by Fairfax, which already owns 10-percent of BlackBerrry, is offering $9 in cash for each BlackBerry share valuing the Waterloo company at approximately $4.7 billion. BlackBerry is trading between $8.16 and $8.60 during today’s trading...