In June 2013, activist investors got the board of SandRidge Energy Inc (SD.N) to fire its CEO Tom Ward, arguing that he had mismanaged the Oklahoma City company and destroyed billions in shareholder value.
Fairfax Financial Holdings
BlackBerry Ltd released a brief statement late Thursday that it has extended its deadline for debtholders who would like to purchase additional shares to January 13 next year.
BlackBerry's co-founders had showed interest in acquiring the struggling smartphone manufacturer, said a report by The Economic Times.
BlackBerry, a Canada based struggling smartphone manufacturer, had been more open to a company breakup amid concerns that its biggest shareholder Fairfax Financial Holdings Ltd would not be able to find funds or partners for a proposed USD4.7 billion buyout deal.
BlackBerry sales continued to plunge even as the company seeks a USD 4.7 billion privatization deal.
BlackBerry signed a tentative deal to be acquired by a consortium led by the company's biggest shareholder, Fairfax Financial Holdings Ltd.
The trend now with interested buyers of Blackberry is to carve up the smartphone maker instead of purchasing it lock , stock and barrel.
BlackBerry Ltd. was scheduled to meet with Canadian lawmakers to discuss the Investment Canada Act as investor concerns increased that a domestic buyout of the struggling company would no longer be possible.
Blackberry shares jumped slightly as rumors of a buyout offer from its biggest shareholder became news.
Analysts said Blackberry would be broken up into pieces if a private equity firm would purchase the smartphone maker.
Venture capital tycoon Prem Watsa quit from BlackBerry board and was expected to outline BlackBerry's stock market exit.
Fairfax increases its shareholdings to 42% in Eurobank.
On Wednesday, Fairfax Financial Holdings said it would increase its stake in Eurobank Properties by 42% from the previous 19%.
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