Canada's biggest pension fund considers BlackBerry bid

Phoenix Technology News Beijing Time October 10, according to Bloomberg reported that Canada's largest pension fund-Canada Pension Plan Investment Committee (Canada Pension Plans Investment Board, hereinafter referred to as "Canadian pensions"), said Wednesday, The future will consider joining the BlackBerry Company for a bid. But it said the BlackBerry bid was not forced to bail out the ailing smartphone maker. "Given that the BlackBerry is very clear about its search for a sale or a strategic solution, for us, if it is treated fairly, we will analyze and try to decide whether it makes sense to take part in a financial bid on the basis of a risk adjustment." "Wiseman, Canada's pension CEO, said in an interview in Wednesday," Mark Wisman. It is reported that Canadian pensions manage about 188.9 billion Canadian dollars (about $181.6 billion trillion) of assets, including the Alberta Investment Management Company (Alberta Investment Management Corp.), including the Canadian Fund, The fund is considering investing in BlackBerry companies. But Canadian pension CEO Mark Wisman declined to say whether the fund was considering joining the Fairfax consortium or any other investment group. "We are investing in business, and if it is safe, we will focus on the sale of large assets anywhere in the world that might meet our investment standards," Wiseman said. "It is reported that BlackBerry last month with the Canadian Fairfax Financial Holdings Limited reached a 4.7 billion dollar preliminary sale agreement, trying to privatize." According to the agreement, Fairfax will complete due diligence on November 4, and before that, BlackBerry can still consider other potential acquisition intention. Canadian pensions hold 1.3 million shares of BlackBerry as of June 30, with the number of BlackBerry stocks second only to the Canadian Ontario Prov. Teacher Pension fund and the Public Sector Pension Investment Committee, the third largest shareholder in the BlackBerry, according to Bloomberg data. In Wednesday, the Nasdaq stock market closed, the BlackBerry rose 0.13 U.S. dollars, a gain of 1.63%, close to 8.11 U.S. dollars, less than Fairfax per share of 9 U.S. dollars bid. For the past 52 weeks, the BlackBerry's share price has been floating in the range of $7.46 trillion-18.32 dollars.