G+_Craig Sotelo Posted November 4, 2013 Share Posted November 4, 2013 http://m.iclarified.com/entry/index.php?enid=35455 Link to comment Share on other sites More sharing options...
G+_Robert Marshall Posted November 4, 2013 Share Posted November 4, 2013 Oh Good Gravy!!! Fairchild must have secretly not been able to get their funding together to purchase them. Link to comment Share on other sites More sharing options...
G+_George Magdaleno Posted November 5, 2013 Share Posted November 5, 2013 $1 Billion inversion is really a $250 payment to purchase convertible debt valued at $1 Billion. That deal will allow Fairchild to name their price when they sell off the pieces because they will get paid first on a fire sale Blackberry Stock tanked to today near $12 a share. Once it reaches $10 Fairchild's deal takes effect automatically. So it's a sweet deal for Fairchild and it's stockholders everyone else's gets a hockey puck. Link to comment Share on other sites More sharing options...
G+_George Magdaleno Posted November 7, 2013 Share Posted November 7, 2013 $250 million payment to secure $1 billion in convertible debt. This isn't a rescue plan but a loan until Blackberry is sold piece by piece. Link to comment Share on other sites More sharing options...
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