4 Merger and Acquisitions Stock Stories Ready for a Midweek Appraisal
BlackBerry Ltd. (NASDAQ:BBRY): Current price $10.45
The Canadian phone maker is poised to lobby the Canadian government regarding foreign-takeover questions while investors worry that a domestic buyout of the struggling company might not happen.
BlackBerry is registered to meet with lawmakers to talk about the Investment Canada Act, which establishes rules for foreign purchases of local firms, said federal lobbying documents. The government automatically examines any takeover offer of over $332 million. The drive emerges during chatter that Fairfax Financial Holdings Ltd., which is BlackBerry’s number-one shareholder, is facing tough odds while piecing together a bid for the company.