The report of a second expression of interest in BlackBerry shares of stock caused its values to its heart. The smartphone manufacturer had recently announced a USD400 billion loss in pre-tax charges.
The Wall Street Journal, citing several individuals familiar with the matter, said BlackBerry had attracted interest from other companies such as Cerberus Capital Management LP, a firm that specializes in distresed investments.
The goal of Cerberus is to have BlackBerry sign a confidentiality agreement that would allow the buyout firm access to private financial information, as it might not end up to become a bid in the future, according to one of the sources of the Journal.
BlackBerry shares jumped a little over 1%, which was its first climb after a 5% decline. The said stock, priced at USD8 in the early afternoon, which is still below the USD9.00 share offered by the consortium led by Fairfax International Holdings Inc.
Both Fairfax and Blackberry declined to comment on the matter.
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