FAIRFAX ANNOUNCES ACQUISITION OF CONVERTIBLE DEBENTURES OF BLACKBERRY
By Editor
Nov 13, 2013 07:52 PM EST
Regions
Fairfax Financial Holdings Ltd had been having difficulty coming up with enough funding to buy out Blackberry Ltd, sources told Reuters. (Photo : Reuters)
Fairfax Financial Holdings Ltd:
- Announces acquisition of convertible debentures of BlackBerry Limited
- Bought ownership of $250 million principal amount of 6% unsecured subordinated convertible debentures of BlackBerry Limited
- Debentures convertible at option of holder into common shares of BlackBerry at a price of $10.00 per common share
- Says unsecured subordinated
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