ACA § Unknown BlackBerry climb but unenthusiastic APA ³ s sales agreement à Fairfax
Analysts have been divided into relaà § à £ o à possibility to be a proposal that competes with the consecrate ³ rcio led by Fairfax. The prà © supÃ?e-signed agreement that the sale is located in 4700 millions of dollars.
BlackBerry trades in positive territory on Tuesday, by adding 0.27% to 6.597 euros, after reaching a pre-sale agreement with a consortium led by Fairfax Financial Holding. The agreed amounts to 4.7 billion dollars (3.4 billion euros), ie, $ 9 (6.6 euros) per share.
Other proposals may also be submitted. Before finalizing the deal, if the BlackBerry will have to accept another offer to indemnify Fairfax (which already owns 10% of Canadian manufacturer) at 30 cents per share. In case of accepting another proposal after signed the definitive agreement, the amount of compensation rises to 50 cents per share.
There is a consensus among analysts about the possibility of being submitted another proposal to purchase the BlackBerry.
Citi analysts say it is unlikely to arise other proposals for the BlackBerry. Already the Canadian Imperial Bank of Commerce (CIBC) believes there is a 50% chance of having another proposal. This latest investment house refers to a consortium led by Mike Lazaridis, co-founder of BlackBerry as a potential competitor of Fairfax, cites Bloomberg.
AlreadyNational Bank states that a drop in price is more likely than the presentation of a proposal that competes with Fairfax. The consortium will the next six weeks to analyze the accounts of BlackBerry.
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