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Fairfax Submits Draft Takeover Agreement – Surprised By Number of Potential Partners

Prem Watsa Discussion

BlackBerry has been waiting for Fairfax to submit a draft of their takeover proposal which was due before things can move forward. According to the Globe & Mail that has just happened with Fairfax submitting the proposal according to their sources. On top of that they went further to state that:

Sources close to discussions regarding Fairfax’s conditional $9-(U.S)-a-share plan for a takeover of the company say the insurance and investment firm led by Prem Watsa has been surprised by the number of overtures from potential partners it has received in the past week.

It seems like others are interested in BlackBerry too. Only time will tell.

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  1. Hyenas want to feast on the carcass 😉

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