BlackBerry Signs Letter Of Intent To Go Private For $9 Per Share In Deal Valued At $4.7 Billion

23 Sep

by: ALEX WILHELM

Today BlackBerry announced a $9 per share offer for its outstanding stock, a deal worth around $4.7 billion. The $9 per share price is a slight premium over its current stock price, which traded at $8.23 before it was halted pending the news.

BlackBerry had declined more than 5% on the day. Fairfax Financial, who offered the $9 per share deal, already owns around 10% of the company’s stock. BlackBerry’s board has approved the transaction, and a letter of intent has been signed. This feels like a pretty much done deal.

Full Story: http://techcrunch.com

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