Canadian Top Shareholder Now Frontrunner for BlackBerry and 2 Other Hot Stocks to Watch
BlackBerry Ltd. (NASDAQ:BBRY): Current price $11.46
London’s Sunday Times reports that BlackBerry’s number-one stockholder, Prem Watsa of Fairfax Financial Holdings, which holds a 10-percent position, has emerged as the front-runner to acquire the smartphone maker. Sometimes referred to as Canada’s “Warren Buffett,” Watsa comes forth as BlackBerry is trying to accelerate its sales process so as to find a suitor by November. The newspaper says that BlackBerry shareholder Prem Watsa is setting up a rescue deal for the company and has already lined up billions in backing from Canada’s biggest pension funds for an offer.
Although Fairfax had no response to a request for comment, a spokesperson for BlackBerry said that, “We cannot comment on speculation surrounding Prem Watsa and his efforts.”
Ford Motor Co. (NYSE:F): Current price $17.40
Ford Volunteer Corps has recruited over 10,000 Ford employees, retirees, and dealers in more than two dozen countries for eighth annual Ford Global Week of Caring. Globally, in excess of $290,000 in grants help support community service projects like new initiatives in Europe and the Asia Pacific region. Over 100 projects in the United States will be completed during this campaign for community service in 16 states. Some 10,000 members of the Ford Volunteer Corps are uniting to tackle over 200 projects on six continents during the eighth annual Ford Global Week of Caring.
Micron Technologies Inc. (NASDAQ:MU): Current price $15.68
In news that should have much impact on Micron Technologies, its competitor SK Hynix Inc. has resumed part operation on Sunday on a production line damaged in the September 4 fire at a facility in China. This that sent prices of memory chips jumping the most in three years from the fear that supplies might fall short. Hynix said Monday that it is still inspecting the damaged section of the line.
Prices for the chips moved up by 19 percent as SK Hynix, which supplies almost one-third of the world’s DRAM chips, shutting down operations at the Wuxi plant and helping its rival Micron gain 3.4 percent in New York trading in the two days through September 6 prior to closing at $15.26. Micron shares are up 2 percent Monday in heavy trading.
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