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BlackBerry could pay $250 million break fee in event of better offer: filing

BlackBerry Ltd will pay up to $250 million to a group of debtors including Prem Watsa’s Fairfax Financial Holdings if another deal succeeds, according to a regulatory filing on Thursday detailing the debt deal. The filing also showed that incoming interim chief executive and executive chairman John Chen will receive a base salary of $1 million and a bonus of up to $2 million. BlackBerry on Monday abandoned plans to sell itself and instead opted to raise $1 billion by selling convertible notes to a group of investors. Chen is the second straight chief executive at Canada’s most prominent technology

Quoted from BlackBerry could pay $250 million break fee in event of better offer: filing on Gadgets News Headlines – Yahoo! News

BlackBerry could pay $250m break fee: filing. By Staff Writers on Nov 8, 2013 10:51AM. BlackBerry will have to pay up to US$250 million (A$265 million) to its billion-dollar debtors if it signs According to the new Crackberry article Mr. John Chen might consider to license out BB10 for the new ware similar to Bold 9900. In the first case the OS for the new ware could be Ltd will up to to a group debtors cludg Prem Watsa's Fairfax Fancial Holdgs if another deal succeeds, accordg to a regulatory filg on Thursday detailg Tags: blackberry, could, 250m, break, BlackBerry could pay $250m break Ltd will up to to a group debtors cludg Prem Watsa's Fairfax Fancial Holdgs if another deal succeeds, accordg to a regulatory filg on Thursday detailg provides organizations with stware to secure the IoT devices they use, the products they make, the data they share and their munications.

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