I'm not saying otherwise, but a "letter of intent" has the same legality be it f... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		antr on Sept 23, 2013 \| parent \| context \| favorite \| on: Fairfax strikes $4.7-billion deal to buy BlackBerr... I'm not saying otherwise, but a "letter of intent" has the same legality be it from an existing shareholder or a non-current shareholder.

JumpCrisscross on Sept 23, 2013 [–]

Hmm, they could be fishing to help value their existing stake.

chollida1 on Sept 23, 2013 | [–]

That's a big gamble. The stock went from 8.60 to 9.20 on this news.

If this is a gamble and their bluff is called the stock is in for quite a tumble.

This doesn't really fit the risk profile of FairFax capital.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact