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It should be noted Fairfax holds 10% of BBRY shares (http://finance.yahoo.com/q/mh?s=BBRY http://finance.yahoo.com/q/mh?s=BBRY), which means this to be taken a
by 3am 13y ago
It should be noted Fairfax holds 10% of BBRY shares (http://finance.yahoo.com/q/mh?s=BBRY http://finance.yahoo.com/q/mh?s=BBRY), which means this to be taken a little more seriously than a 3rd party unsolicited bid.
- antr 13y agoI'm not saying otherwise, but a "letter of intent" has the same legality be it from an existing shareholder or a non-current shareholder.
- JumpCrisscross 13y agoHmm, they could be fishing to help value their existing stake.
- chollida1 13y agoThat's a big gamble. The stock went from 8.60 to 9.20 on this news. If this is a gamble and their bluff is called the stock is in for quite a tumble. This doesn't really fit the risk profile of FairFax capital.