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Strategies & Market Trends : Effective Collaboration - Team Research for Better Returns:

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To: The Ox who wrote (2770)	11/1/2013 2:25:43 PM
From: Robert O	Read Replies (1) of 8288

Might be interesting to make a s-t long play for monday fireworks... I suspect we may hear fairfax out for full buy, but other suitors picking up pieces could pop stock 5-10%... if all bad news could drop it same though. November 1, 2013, 12:38 PM ETFairfax Declines to Shed Light on BlackBerry Deal…For Now Associated Press By Will Connors Investors hoping to get an update on the deal to take BlackBerry Ltd. private during Fairfax Financial Holdings Ltd.'s earnings call Friday morning were likely disappointed. Fairfax, the Canadian insurer led by Prem Watsa, in late September struck a preliminary $4.7 billion deal to buy the shares of BlackBerry it didn’t already own and take the troubled smartphone company private. Since the announcement of the deal, which Fairfax can walk away from at no penalty, investors have reacted skeptically, sending BlackBerry shares down more than 11%. On Friday, Fairfax held a conference call to discuss its own third-quarter financial results. As soon as the call was opened to analysts’ questions, a request for an update on the BlackBerry bid was put forth. Mr. Watsa, Fairfax’s founder and chief executive, declined to comment and quickly moved on. Investors will have to wait til Monday, when the due diligence period for the BlackBerry deal expires, to get an update.

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