1. JordanEDM's Avatar
    So let's just say theoretically that Lenovo makes a bid on BlackBerry. Us shareholders will have to vote on whether we accept the bid or not. I'm just wondering... can another buyer maker a bid over Lenovo's bid before shareholders take a vote on the Lenovo bid? Or is it somewhat of a process?

    I have a feeling that close to Nov. 4 we'll see at least one or two parties make a bid.
    10-28-13 03:44 PM
  2. qbnkelt's Avatar
    So let's just say theoretically that Lenovo makes a bid on BlackBerry. Us shareholders will have to vote on whether we accept the bid or not. I'm just wondering... can another buyer maker a bid over Lenovo's bid before shareholders take a vote on the Lenovo bid? Or is it somewhat of a process?

    I have a feeling that close to Nov. 4 we'll see at least one or two parties make a bid.
    it will be the board that votes if im not mistaken
    10-28-13 06:42 PM
  3. oilgeo10's Avatar
    If no other bids come forward, there could be an extension with Fairfax. Blackberry never meets a date, of any kind.

    Posted via CB10
    10-28-13 06:51 PM
  4. zee3p0's Avatar
    Us shareholders won't bid on anything unless you own a few million shares. It will be the board and the major shareholders that sign the deal. Any bid can be over bid by another up to the point where the money changes hands, if a bid is voted on and accepted there will be break fees for each party if they don't close the deal. This is why the fairfax deal has a cancelation fee, fairfax agrees to sell all its shares if a higher bid is accepted by BlackBerry for the 140 million or whatever it was.

    Posted via CB10
    10-28-13 06:56 PM
  5. oilgeo10's Avatar
    it will be the board that votes if im not mistaken
    The Board will vote to approve the sale for BB and recommend that shareholders accept the deal. The shareholders will receive notice and the particulars about the offer, and will vote in favor or not in favor, one vote for each share held. If more than 50% outstanding shares oppose the deal (from the shareholders), it fails and BB soldiers on while continuing to look for a buyer.

    Posted via CB10
    Jordan Botha likes this.
    10-28-13 07:02 PM
  6. anon1727506's Avatar
    The Board will vote to approve the sale for BB and recommend that shareholders accept the deal. The shareholders will receive notice and the particulars about the offer, and will vote in favor or not in favor, one vote for each share held. If more than 50% outstanding shares oppose the deal (from the shareholders), it fails and BB soldiers on while continuing to look for a buyer.

    Posted via CB10

    That would be like a German solider being assigned to front lines in the spring of 1945...
    10-29-13 09:03 AM

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