BlackBerry (BBRY) to Explore Strategic Alternatives
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BlackBerry (BBRY) Takeout Price Capped at $12-$13; Don't Buy - Nomura
August 14, 2013 7:50 AM EDTNomura Securities analyst Stuart Jeffrey weighed on on a potential takeout of BlackBerry (NASDAQ: BBRY), saying a deal would be capped at $12-$13 per share.
"A quick analysis of what an optimistic buyer might pay for BlackBerry leads us to conclude that a bid of more than $12-13 seems unlikely," according to Jeffrey. "While this offers some upside to the... More
Evercore Partners Upgrades BlackBerry (BBRY) to Equal Weight
August 12, 2013 2:12 PM EDTEvercore Partners upgraded BlackBerry (NASDAQ: BBRY) from Underweight to Equal Weight with a price target of $10.00.
For an analyst ratings summary and ratings history on BlackBerry click here. For more ratings news on BlackBerry click here.
Shares of BlackBerry closed at $9.76 yesterday, with a 52 week range of $8.57-$17.22.... More
BlackBerry (BBRY) LBO Makes Sense; Stock Worth $15 in LBO Scenario - Jefferies
August 12, 2013 1:11 PM EDTJefferies analyst Peter Misek weighed on BlackBerry (NASDAQ: BBRY) Monday amid news the company is exploring strategic options, including the potential sale of the company.
Misek believes an LBO is possible. "Due to the lackluster BB10 launch, we think the board is actively considering taking the company private or selling the company (we view Samsung as most likely)," he said. "With interest from several large Canadian funds and rescaled opex, we think an LBO is feasible."
The analyst thinks Prem Watsa's resignation from the board supports a possible LBO. "Prem... More
BlackBerry (BBRY) Launches Plan-B, Takeover Price $7.30-$16.60/Sh
August 12, 2013 11:21 AM EDTGiven the lack of traction for its new smartphones, it's 'Plan B' time for BlackBerry (NASDAQ: BBRY), comments Nomura Securities Stuart Jeffrey amid news the company is exploring strategic alternatives.
Jeffery noted a few points from this morning's statement from the company:
1. The wording that a transaction may not happen suggests to them the focus in on selling the company or taking it private.
2. While it may have been inferred before, the company previously did not state that a sale was part of its strategic consideration.
3. "Other... More
Hudson Square Upgrades BlackBerry (BBRY) to Hold
August 12, 2013 9:52 AM EDTHudson Square upgraded BlackBerry (NASDAQ: BBRY) from Sell to Hold.
For an analyst ratings summary and ratings history on BlackBerry click here. For more ratings news on BlackBerry click here.
Shares of BlackBerry closed at $9.76 yesterday, with a 52 week range of $8.57-$17.22.... More
Macquarie Skeptical of BlackBerry (BBRY) Deal
August 12, 2013 9:42 AM EDTMacquarie analyst Kevin Smithen weighed in on BlackBerry (NASDAQ: BBRY) following news the company will explore strategic alternatives, including a potential sale. The analyst is skeptical to say the least.
Given high cash burn and large subscriber losses, the analyst is skeptical that financial... More
BlackBerry (BBRY) Takeout Premium Unlikely to be Boon, Think Dell (DELL)
August 12, 2013 9:07 AM EDTOn Monday it was learned BlackBerry's (Nasdaq: BBRY) has formed a Special Committee to explore strategic alternatives. These alternatives could include, among others, possible joint ventures, strategic partnerships or alliances, a sale of the Company or other possible transactions. The announcement follows speculation on Friday that BlackBerrys... More
BlackBerry (BBRY) Resumes Trading, Up 8.7%
August 12, 2013 8:30 AM EDTShares of BlackBerry (NASDAQ: BBRY) have resumed trading and are up 8.7% after announcing plans to explore strategic alternatives.... More
BlackBerry (BBRY) to resume trading at 8:30AM
August 12, 2013 8:06 AM EDTBlackBerry (NASDAQ: BBRY) to resume trading at 8:30AM ET after announcing plans to explore strategic alternatives.... More
BlackBerry (BBRY) shares halted with news pending
August 12, 2013 7:42 AM EDTBlackBerry (NASDAQ: BBRY) shares halted with news pending.... More
