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BlackBerry plans to go private
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BlackBerry plans to go private# Stock
c*o
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BlackBerry plans to become a private company in a deal that is worth just $4
.7 billion.
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BlackBerry's largest shareholder, Canadian insurance company Fairfax
Financial, hopes to buy the smartphone maker for $9 per share.
That's an extremely low premium. Prior to the announcement, BlackBerry was
trading at $8.24 per share. As recently as Friday, BlackBerry shares were
trading at more than $10.
Shares of BlackBerry (BBRY) traded just above $9 after the announcement.
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