Possible buyout of BlackBerry by Canadian firms gains momentum

Alberta Investment Management would think about investing in BlackBerry (BBRY) if the company were to go private.

It's early days," AIMCo CEO Leo De Bever said. "No one has approached us with anything that is baked.

AIMCo's public interest adds to that of the Canada Pension Plan Investment Board, as well as to a report that Prem Watsa's Fairfax Financial (FRFHF.PK) is is "exploring ways" to take the company private. Watsa resigned from BlackBerry's board after it formed a special committee to explore strategic alternatives, including a sale. Fairfax is BlackBerry's largest shareholder.

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Comments (9)
  • pvshah6542
    , contributor
    Comments (84) | Send Message
    I guess this is a smart move by BB by kicking out the shorts from BBRY. Next 2 qtrs shall be very crucial in terms of one knowing the success and traction of BB10 phones and BES10.1 and BBM opening on Android and IOS. A strategic partnership is what BB wants. Nokia has benefited thanks to Microsoft. BB needs someone like Sony, LG and Lenovo to use its BB10 OS to add value to BB10.
    13 Aug 2013, 03:38 AM Reply Like
  • freed0m
    , contributor
    Comments (1169) | Send Message
    There is no doubt that Canadian pension funds will invest into BlackBerry, but it is difficult for them to run the company well. It is more likely that collectively they will provide funds for a large share of the company and let some more specialized private equity funds take a minority position and run the business.


    For now, it is better for the business if BlackBerry is a private co.
    13 Aug 2013, 04:28 AM Reply Like
  • domi1kenobi
    , contributor
    Comments (71) | Send Message
    Why is there no doubt? What info do you have that the rest of the world does not?
    The CEO of the pension fund was succesful with Skype but blew profits away with other investments.. They will think twice before pumping money in a cash burning business that was not able to attract business.
    13 Aug 2013, 08:46 AM Reply Like
  • freed0m
    , contributor
    Comments (1169) | Send Message
    can you read a financial statement? BlackBerry is not burning cash even during intensive development period.


    BlackBerry provides good job opportunities to the Canadians. This point alone will encourage the Canadian pension funds to support BlackBerry.


    And it is not like that BlackBerry is a dead company. It has good business potentials and just needs a little bit of time.
    13 Aug 2013, 06:54 PM Reply Like
  • Chris Lau
    , contributor
    Comments (3979) | Send Message
    With CPP sniffing at the books, these buyers are not bluffing, nor is Blackberry. In 2007, CPP and the consortium wanted to buy up (BCE). Since that fell apart, they are looking for deeply undervalued assets in need of a *multi-quarter* turnaround. (BBRY) fits the description, but both sides will need to figure out what cash will be added to the business to achieve the end goal of being highly relevant in the mobile market.
    13 Aug 2013, 07:40 AM Reply Like
  • jno
    , contributor
    Comments (31) | Send Message
    Let's say it happens, what then? Split the company up? Private equity is shady in my opinion, they will do what's best for them not necessarily the company.
    13 Aug 2013, 08:00 AM Reply Like
  • alext1379
    , contributor
    Comments (811) | Send Message
    The more companies voicing interest is good news, even better when an actual bid materializes.


    If the share price creeps up and say finds a floor of $13, it will have the following effects.


    1. Show that BlackBerry is/was grossly undervalued.
    2. If several companies want in, then it invalidates short interest that nobody wants BlackBerry.
    3. If companies such as Pac Crap have actual clients (and not just people needing a stock manipulated) it throws any legitimacy that they may have out the window. Instead of telling clients to buy, the told clients to stay away and the clients lost out on a 40% gain, possibly more.


    Anyway, I've put up my shares for sale at $50 to ensure they get recalled. Pie in the sky price right now but just doing my part to see if we can get a short squeeze going.
    13 Aug 2013, 08:39 AM Reply Like
  • la cabanya
    , contributor
    Comments (70) | Send Message
    Looking back one can feel that the hedge funds that managed the short plan, basically where looking to beat the hell out of the stock, reduce the price to a trickle and then proceed to buy the company at Pac Crap or Berstein prices, say 7-8 dollars per share, mortgage all assets put in their pockets 15-20 dollars in special payouts or dividends in a couple of years and then send BBRY to chapter 7th for liquidation. And good bye BBRY!!!
    Thanks Good it looks like this is not going to be the winning case for some Wall Street short saviors; as some Canadian Pension Funds and other strong players will take proper care of BBRY from now on!!!
    13 Aug 2013, 09:34 AM Reply Like
  • alext1379
    , contributor
    Comments (811) | Send Message
    The shorts must be headed for the exits before all of their paper gains go up in smoke. Jumped $0.70 in last 45 minutes.
    13 Aug 2013, 10:51 AM Reply Like
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