U.S. Markets closed

The 7 Reactions You Need To See About The Blackberry Buyout

Stefan Cheplick

Prem Watsa left the board of Blackberry (BBRY) only several weeks ago. Today, his company, Fairfax Holdings, has offered to buy Blackberry for $9 a share. Here are some of the insightful reactions from investors and traders on the StockTwits Blackberry Stream:

1.) Most of the attention will now shift to the go-shop period, which is when a company in a buyout seeks competing offers:

Screen Shot 2013-09-23 at 3.38.55 PM

2.) Some are saying this buyout offer is the reason why Blackberry pre-released disappointing earnings on last week:

Screen Shot 2013-09-23 at 3.40.33 PM

3.) And why did Watsa leave the Blackberry board in the first place? A few investors are anticipating a class action lawsuit:

Screen Shot 2013-09-23 at 3.41.06 PM

4.) Is Blackberry worth more than Watsa’s proposed offer?:

Screen Shot 2013-09-23 at 3.41.47 PM

5.) Watsa was buying at $50 a share back in 2010:

Screen Shot 2013-09-23 at 3.42.47 PM

6.) Once household tech names are getting taken private. First Dell and now Blackberry:

Screen Shot 2013-09-23 at 3.45.59 PM

7.) Fairfax Holdings and Watsa will receive a huge break-up fee if the deal falls apart:

Screen Shot 2013-09-23 at 3.47.10 PM

Related Articles