NEW YORK (TheStreet) -- Shares of BlackBerry
(BBRY - Get Report) are up 4.23% to $10.35 in pre-market trade after it was reported that Samsung Electronics Co.
(SSNLF) is continuing to pursue the acquisition of all or part of the company, the Financial Post reports, having obtained a document that lays that out and was corroborated by a Post source.
The document, prepared by investment bank Evercore Partners (EVR) in the last quarter of 2014, has a detailed roadmap in more than 40 pages of how various takeover strategies might play out, the Post said.
Evercore's report suggests that buying a minority interest in BlackBerry, either by acquiring 49% of the company, or leaving a block of shares publicly traded with an independent board, would have many advantages. BlackBerry would remain independent, helping the deal get regulatory approval from governments apprehensive about foreign takeovers, and such a deal could be less expensive for Samsung than other alternatives. The "key question," as the report phrases it, is: "Can Samsung accomplish its strategic objectives with less than 100% ownership?" according to the Post.
Read more Click here / www.trade4x.net
The document, prepared by investment bank Evercore Partners (EVR) in the last quarter of 2014, has a detailed roadmap in more than 40 pages of how various takeover strategies might play out, the Post said.
Evercore's report suggests that buying a minority interest in BlackBerry, either by acquiring 49% of the company, or leaving a block of shares publicly traded with an independent board, would have many advantages. BlackBerry would remain independent, helping the deal get regulatory approval from governments apprehensive about foreign takeovers, and such a deal could be less expensive for Samsung than other alternatives. The "key question," as the report phrases it, is: "Can Samsung accomplish its strategic objectives with less than 100% ownership?" according to the Post.
Read more Click here / www.trade4x.net
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