Wednesday, January 14, 2015

BlackBerry Climbs on Report Samsung Made Acquisition Offer - Businessweek

Another happy outcome for John Chen, but perhaps not so much for long-term BlackBerry shareholders (RIM stock was > $147 in 2008)

"Samsung approached Waterloo, Ontario-based BlackBerry with an initial offer price of $13.35 to $15.49 a share, Reuters reported, citing an unnamed person familiar with the matter and documents. That’s at least a 37 percent premium to BlackBerry’s closing price yesterday.

BlackBerry rose 30 percent to $12.60 at the close in New York. Adam Yates, a U.S. spokeswoman for South Korea-based Samsung, declined to comment. Representatives for BlackBerry didn’t immediately respond to requests for comment."
BlackBerry Climbs on Report Samsung Made Acquisition Offer - Businessweek
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