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Fairfax Financial increases RIM share to 5.12 per cent
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The Canadian Press
Date: Friday Jan. 27, 2012 8:31 AM ET
TORONTO — Fairfax Financial Holdings Ltd., and its founder Prem Watsa, have taken a greater stake in Research In Motion.
The moves follows last weekend's management shakeup at the embattled BlackBerry maker, which added Watsa to its board at the same time Jim Balsillie and Mike Lazaridis stepped aside as RIM's co-CEOs.
A filing with U.S. regulators on Friday shows that Watsa, Fairfax and affiliated companies have boosted their holdings in Research In Motion to 26.85 million shares, or about 5.12 per cent of RIM's outstanding shares.
Based on Thursday's closing price at the Toronto Stock Exchange, the shares controlled by Watsa and Fairfax would be worth about $437 million.
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Now we should be politically correct in paying homage to these feminists by dropping the "miss" as if that is somehow derogatory?? ..... It amazes me on how trivial the causes are that people will devote their life to. They obviously "Miss" the point to life.
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grumpy ol man
said
[every story has two sides, or two faces] lol.
This looks like a repeat of the Chrysler Syndrome of the 70's, when Lee Iacocca brought Chrysler back from the brink of disaster.