Friday, 13 December 2013

BlackBerry extends deadline to boost capital increase


Credit: Reuters/Mark Blinch


A Blackberry logo is seen at the Blackberry campus in Waterloo, September 23, 2013.


The struggling smartphone maker last month shelved plans to sell itself and instead opted to raise funds via a $1 billion notes offering led by Fairfax Financial Holdings, its largest shareholder.


In a brief statement late on Thursday, BlackBerry said the earlier announced investor option to purchase up to an additional $250 million of convertible debentures, as part of the offering, has now been extended to January 13, 2014.


(Reporting by Euan Rocha; Editing by Chizu Nomiyama)


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