In September, BlackBerry received
a conditional takeover offer from Fairfax Financial (TSX: FFH), BlackBerry's largest shareholder, worth $ 9 per share.
The fundraising has been structured by way of a subscription and an open
offer to existing shareholders and is
conditional upon the approval of the independent shareholders in respect of the participation in the fundraising by an existing concert party (in accordance with the whitewash requirements of the
Takeover Code).