Two of Canada’s largest institutional investors could be part of a consortium to buy BlackBerry, according to news reports.
CPP Investment Board CEO Mark Wiseman and AIMCo CEO Leo de Bever have both said they might take part in a bid to take the Waterloo, Ont.-based company private.
On Monday, BlackBerry—formerly known as Research In Motion—announced the creation of a special committee to explore strategic alternatives, including a possible sale of the company.
With the announcement of the committee, Prem Watsa, chairman and CEO of Fairfax Financial, announced he would resign from BlackBerry’s board of directors due to potential conflicts of interest.
Fairfax owns nearly 10% of the company and is BlackBerry’s largest shareholder.
Related articles: