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BlackBerry Co-Founder Ends Takeover Bid, Sells Off Shares
Posted: 26-Dec-2013 [Source: Forbes]

[A co-founder of BlackBerry dumps stock to end takeover bid speculation.]

Samantha Sharf -- "BlackBerry’s rare good week has come to an end.

Michael Lazaridis, co-founder and former CEO of the embattled cellphone maker, officially ended his exploration of a takeover bid while cutting his stake to 4.99% of outstanding shares. According to SEC documents filed on Christmas Eve, Lazardis sold 3,166,893 shares for $7.55 per share on average and 333,107 shares at an average price of $7.63 for a takeaway of approximately $26.5million. He now owns 26,267,887 shares."

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