Fairfax Financial Holdings Ltd (OTCMKTS:FRFHF) (TSE:FFH) CEO Prem Watsa shocked markets by offering to buy BlackBerry Ltd (NASDAQ:BBRY) (TSE:BB) at $9 per share yesterday, and speculation has already started about what he might really be up to. People have suggested that the move is about everything from bolstering BlackBerry prices before selling to cashing in on the $150 million break fee by shaking out other buyers (if there are any). But looking at Watsa’s past, the most likely explanation is the obvious one – he really thinks he’s getting a deal.
Watsa Making A Value Investment In BlackBerry
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