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.


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Company Name: 
Fairfax Financial Holdings Ltd
Insurance Brokers
Number of ETFs Holding FFH.CA: 
Total Market Value Held by ETFs: 
Total Market Capitalization: 
% of Market Cap. Held by ETFs: 

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