Wireless News
11-21-2013, 06:01 PM
http://l2.yimg.com/bt/api/res/1.2/8MTOY5DZEOMbY_J1LrxXhQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-11-21T214718Z_1_CBRE9AK1OJ000_RTROPTP_2_CBUSINESS-US-AIMCO-DEBEVER-BLACKBERRY.JPG (http://news.yahoo.com/aimcos-head-says-blackberry-proposals-lacked-turnaround-plan-214718603--sector.html)By Scott Haggett CALGARY, Alberta (Reuters) - The head of one of Canada's top pension funds confirmed on Thursday his firm was involved in talks over a potential buyout of BlackBerry Ltd but said he never saw a business plan he was confident would turn around the once-dominant smartphone maker. Leo de Bever, chief executive of the C$70 billion ($66.6 billion) Alberta Investment Management Corp (AIMCo), said all of Canada's biggest pension funds were involved in discussions over BlackBerry's fate earlier this year as it looked to sell itself following the unsuccessful launch of a new line of phones. However, de Bever said AIMCo was never presented with a business plan that would have justified an investment in the company that was at one-time a darling in the technology sector.
More... (http://news.yahoo.com/aimcos-head-says-blackberry-proposals-lacked-turnaround-plan-214718603--sector.html)
More... (http://news.yahoo.com/aimcos-head-says-blackberry-proposals-lacked-turnaround-plan-214718603--sector.html)