Are Cerberus/Co-Founders Still Planning to Bid for BlackBerry (BBRY)?
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Options Traders 'Put' Faith in New BlackBerry (BBRY) CEO
November 8, 2013 12:20 PM ESTBlackBerry (Nasdaq: BBRY) traders are betting that things might turn around for the beleaguered company with a new leader running the show.
Data compiled by Bloomberg shows that the cost of puts protecting against a 10 dip in BlackBerry's... More
BlackBerry's (BBRY) Heins Won't Fare Too Bad Upon Termination
November 4, 2013 12:07 PM ESTAll is not lost for outgoing BlackBerry (Nasdaq: BBRY) CEO Thorsten Heins.
Canada's Globe and Mail said today that Heins might be eligible for up to $22 million in severance related to his abrupt departure.
According to a recent... More
BlackBerry's (BBRY) Chen Says Turnaround Will Take 1.5 Yrs
November 4, 2013 11:32 AM ESTBlackBerry's (Nasdaq: BBRY) interim CEO, John Chen, told Reuters he has absolutely no interest in shutting down the company's handset business. He thinks the company's turnaround plan will take 6 quarter. Chen declined to company on a possible licensing deal with Dell.... More
National Bank Downgrades BlackBerry (BBRY) to Underperform, PT $3
November 4, 2013 11:01 AM ESTNational Bank downgraded BlackBerry (NASDAQ: BBRY) from Sector Perform to Underperform with a price target of $3.00 (from $9.00).
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 $7.77 yesterday, with a 52 week range of $6.14-$17.22.... More
Fairfax, Others to Invest $1B in BlackBerry (BBRY); CEO Heins to Step Down
November 4, 2013 8:32 AM ESTBlackBerry (Nasdaq: BBRY) announced that it has entered into an agreement pursuant to which Fairfax Financial Holdings Limited ("Fairfax") and other institutional investors (collectively, the "Purchasers") will invest in BlackBerry through a U.S. $1 billion private placement of convertible debentures. Fairfax has agreed to acquire U.S. $250 million principal amount of the Debentures. The transaction is expected to be completed within the next two weeks.
Under the terms of the transaction, the Purchasers will subscribe for U.S. $1 billion aggregate principal amount of 6% unsecured subordinated convertible debentures (the "Debentures")... More
