BlackBerry revealed reaching a preliminary agreement for the purchase by a group of financial companies headed by the Canadian Investment Fund Fairfax, which already owns 10 percent of the shares of the Canadian factory, in exchange for $ 4.7 billion.
The group of companies has decided in its deal to withdraw BlackBerry from the stock market.
The board agreed BlackBerry on the terms of the Memorandum of Understanding Judge securing funding from institutions, Bank of America and Merrill Lynch, "BMO Capital Markets", as well as withdrawn from the stock market.
Still should enjoy this offer with the consent of all shareholders. Whereby the stock will be sold in exchange for $ 9 and conclude the deal on than the fourth of November next.
The deal came between Fairfax and the Board of Directors of BlackBerry after the announcement of the lay off 4,500 employees (ie 40 percent of total employees) of the group to be taken in the Canadian city of Waterloo (south of Toronto) is based.
Despite the launch of a new operating system and a new generation of devices, BlackBerry has been incurring losses which was formed in August / special committee tasked with preparing recommendations on its future.
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