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>> BLACKBERRY Latest News

DEC 13, 2013 - MarketWatch

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BlackBerry extends lender deadline; shares rise

SAN FRANCISCO (MarketWatch) - BlackBerry Inc. on Friday said it is giving its lenders, led by Fairfax Financial Holdings, more time to purchase up to an additional $250 million in convertible debt. The smartphone maker said the new deadline for the investor option has been extended to Jan. 16, 2014, the company said in a statement. Last month, BlackBerry said a plan to sell the company to Fairfax fell through, and announced that it was, instead, selling $1 billion worth of convertible bonds to to Fairfax and other investors. Shares of BlackBerry rallied 3% Friday. Market Pulse Stories are ... Read More

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