The Online Investor

Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Sun., Sep. 20, 11:06 PM

Slide #68. Fairfax Financial Holdings Limited BlackBerry Limited

Acquirer: Fairfax Financial Holdings Limited (TSE:FFH.CA)
Acquiree: BlackBerry Limited
Details: Fairfax Financial Holdings Limited ("Fairfax") (TSX:FFH and FFH.U) announces that it has acquired, through its subsidiaries, ownership and control of $330,000,000 aggregate principal amount of 1.75% unsecured subordinated convertible debentures maturing on November 13, 2023 (the "Debentures") of BlackBerry Limited ("BlackBerry") representing approximately 90% of BlackBerry's private placement (the "Private Placement") of an aggregate principal amount of $365,000,000 of Debentures that closed today. The Debentures are convertible at the option of the holder into common shares of BlackBerry ("Common Shares") at a price of $6.00 per Common Share and, therefore, the Debentures purchased by Fairfax's subsidiaries (the "Purchased Debentures") are convertible into 55,000,000 Common Shares.

Fairfax Financial Holdings is a financial services holding company. Through its subsidiaries, Co. is engaged in property and casualty insurance and reinsurance and investment management. Co.'s insurance and reinsurance companies operate on a decentralized basis, with autonomous management teams applying a focused underwriting strategy to their markets. Co.'s investments are centrally managed for all the Co.'s group of companies by Hamblin Watsa Investment Counsel Ltd. Co. operates four main operating segments: Insurance, Reinsurance, Reinsurance and Insurance - Other, and Runoff.

Preferreds: FFH.PRC.CA, FFH.PRE.CA, FFH.PRG.CA, FFH.PRI.CA, FFH.PRK.CA



Open the FFH.CA Page at The Online Investor »

Company Name: 
Fairfax Financial Holdings Ltd
Website: 
www.fairfax.ca
Sector: 
Insurance Brokers
Number of ETFs Holding FFH.CA: 
5
Total Market Value Held by ETFs: 
$6.97M
Total Market Capitalization: 
$8.34B
% of Market Cap. Held by ETFs: 
0.08%
 

Open the FFH.CA Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes


Mergers & Acquisitions Page | www.TheOnlineInvestor.com

Copyright © 1998 - 2020, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.