Shearman & Sterling is advising long-time client Fairfax Financial Holdings Limited (Fairfax) in its proposal to acquire BlackBerry Limited (BlackBerry) for US$9 per share in cash, for an aggregate transaction value of approximately US$4.7 billion.
Fairfax is a financial services holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management.
BlackBerry is a global leader in wireless innovation, first introducing the BlackBerry handheld device in 1999. Founded in 1984 and based in Waterloo, Ontario, BlackBerry operates offices in North America, Europe, Asia Pacific and Latin America. BlackBerry is listed on the NASDAQ Stock Market and the Toronto Stock Exchange.
The Shearman & Sterling team includes partners Scott Petepiece (New York-Mergers & Acquisitions), Jason Lehner (Toronto/New York-Capital Markets), Jessica Delbaum (New York-Antitrust), Alan Goudiss (New York-Litigation), and Doreen Lilienfeld (New York-Executive Compensation & Employee Benefits); counsel Sean Skiffington (Toronto-Mergers & Acquisitions); and associates Cody Wright (New York-Mergers & Acquisitions) and Ethan Siller (Toronto-Capital Markets).
McCarthy Tétrault LLP is Fairfax’s Canadian counsel.
