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Sunday, Aug 11
BlackBerry could find willing P-E buyers in Canada
- A senior executive at a major Canadian pension fund that has worked with private-equity firms reportedly says they and other funds in Canada would consider participating in any deal to take BlackBerry (BBRY) private.
- With BlackBerry holding over $3B in cash, its market cap of $5.1B looks cheap, says one portfolio manager.
- On Friday, the Canada Pension Plan Investment Board said it would be open to taking part in a Blackberry buyout.
- However, it's worth pointing out that plenty of companies have looked at BlackBerry and not taken the plunge, including Amazon and Microsoft.