Wednesday, October 12, 2011

Momentum Builds for Blackberry Break-Up -

New challenges for RIM, which has lost ~60% of its market cap so far this year; also see BlackBerry Users Revolt Against RIM as Disruption Spreads

The Jaguar Financial Corporation, a Canadian activist investor that is leading a campaign to agitate for change at RIM, the BlackBerry maker, announced on Tuesday that it had the support of shareholders representing 8 percent of the company’s shares.

In a statement, Jaguar Financial advised the company to install a new chief executive and chairman and to explore options to increase shareholder value, including a sale of the company, a merger or a split that would divide RIM into three separate businesses.

Momentum Builds for Blackberry Break-Up -

Post a Comment