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A Takeover Bid for BlackBerry Collapses, and Its Chief Executive Vacates His Post
Posted: 05-Nov-2013 [Source: New York Times]

[Fairfax Financial announced that it will not go ahead with its offer to purchase BlackBerry. ]

Ottawa -- "A tentative takeover bid for BlackBerry from its largest shareholder collapsed on Monday, clouding the immediate future of the company.

Fairfax Financial Holdings of Toronto, the insurance and investment company, had made a conditional, nonbinding offer to buy the 90 percent of BlackBerry shares it does not own for $9 each, valuing the company at about $4.7 billion. But Fairfax announced on Monday that it would not proceed with the offer..."

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