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Fairfax Seeking $1 Billion Equity For BlackBerry Deal: Globe

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September 25, 2013 AT 4:50 AM
Fairfax Financial Holdings Ltd was seeking over $1 billion in equity investments from institutional investors to back its preliminary $4.7 billion plan to acquire BlackBerry. The Globe and Mail reported Fairfax Chief Executive Prem Watsa has personally contacted several leading Canadian and U.S. pension and private equity funds to win support for the bid