BlackBerry's Shares Rise On Report Of Buyout

wochit business
September 09, 2013 AT 4:11 AM
BlackBerry Limited's U.S. shares rose 3 percent after a report that a Canadian investor was closing in on a rescue deal for the battered smartphone maker that put itself up for sale last month. The company's shares rose 33 cents to $11.17 in premarket trading after a report that Canadian investor Prem Watsa has backing from pension funds for a bid.