assembled money from pension funds..it sounds like a done deal....24 minimum for shareholders
and that's the deal of the Century if he spins off the HW business..he'll make 10 bucks a share on that deal
My valuation of BB is around 35 based on the 7B HW biz sale of Nokia with comparable smart phone sales.
It looks like it is set up to take it private and Lenovo gets the HW biz. The question only at this point is who gets the 10 dollar share premium..Watsa or Shareholders
5B HW biz
3.4B for patents and Certicom..steal of the century if you know about ECC
1B for BBM launching cross platform
5B for BES ,70M subscribers, QNX, brand, network etc
Wait and See, could be a hostile takeover by Prem then, the price is so low ample opportunity to buy shares open market and option exercising that could buy it with majority bid of $15 per share
So if Prem is closing iin on the Takeover as reported, then Friday would have been an excellent point of accumulation 50M shares were traded the last 30 minutes and an much greater opportunity presented itself for any holders of Options that could have been purchased for pennies and then multiple of multiples of stock may be purchased
WOuld there even be an earnings call if a buyer / buyer consortium owned a significant amount of shares and the board accepted the offer.
there is no buyer,its an lbo like dell,shareholders got a 20 percent premium on the lowest price,dell even did the offer right before earnings and he had to know what the horrific earnings were,same deal her,this if its taken out will be sub 10 likeley 9-9.50 there no reward for buyers here and for shorts,they are a little better off as this could go to cash value which is about 4.