New York-based Veritas Capital has made an offer of undisclosed value to buy the Waterloo, Ont.-based software company, according to a Reuters report citing a person familiar with the matter. BlackBerry shares were briefly halted on the Toronto Stock Exchange Friday morning, and closed up over 17 per cent after resuming trading. BlackBerry and Veritas didn’t immediately respond to The Logic’s requests for comment. (Reuters)
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New York-based Veritas Capital has made an offer of undisclosed value to buy the Waterloo, Ont.-based software company, according to a Reuters report citing a person familiar with the matter. BlackBerry shares were briefly halted on the Toronto Stock Exchange Friday morning, and closed up over 17 per cent after resuming trading. BlackBerry and Veritas didn’t immediately respond to The Logic’s requests for comment. (Reuters)
Talking point: The Canadian smartphone pioneer launched a strategic review in May that included exploring the possible separation of one or more of its businesses, saying its earnings and revenue growth isn’t “fully reflected in the market’s current valuation.” Veritas, an investment firm focused on the intersection of government and technology, is interested in buying the whole company, according to Bloomberg, which reported that the firm is still considering an offer and could change its mind. Other suitors are interested in “the whole or parts,” Bloomberg reported.
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