BlackBerry resumes trading, shares remain off sharply

|About: BlackBerry Ltd. (BB)|By:, SA News Editor

BlackBerry (BBRY) is now down 19.6% premarket to $6.26 after announcing a $1B convertible debt deal led by Fairfax Financial (instead of a sale), and the replacement of Thorsten Heins as CEO and Barbara Stymiest as chairman.

The fall leaves shares 37% below the $10 conversion price attached to the debt deal.