BlackBerry to be sold to group led by Fair Financial

Troubled smartphone maker BlackBerry has signed a provisional agreement to be bought by a consortium led by Fairfax Financial Holdings Limited, which already owns approximately 10 per cent of the publicly traded shares in the Waterloo, Ont.-based company.

Trading of the company's shares was temporarily halted on the Nasdaq and the Toronto Stock Exchange early afternoon Monday after BlackBerry announced the deal, which is still subject to due diligence. Trading resumed around 2 p.m. ET.

BlackBerry said in a news release that it has signed a "letter ofintent agreement" under which the company's share holders would receive $9 US cash for  ach BlackBerry share they hold and the consortium would acquire, for cash, all of the outstanding shares of BlackBerry not already held by Fairfax.

The consortium would take the company private.

Source: cbc

Or Change it Are you an Optometrist??? Need a software? Visit  VisualEyes

Bathroom renovation?? Need some help? Just visit  Bathmaster

Need Product for Bathroom Renovation? Visit  Topkote