Notable Mergers and Acquisitions of the Day 03/21: (BBRY) (MEG)/(LIN) (EJ) - InvestingChannel

November 22, 2024

Notable Mergers and Acquisitions of the Day 03/21: (BBRY) (MEG)/(LIN) (EJ)

by Street Insider0112

* BlackBerry Limited (Nasdaq: BBRY) announced that it has entered into an agreement pursuant to which it will sell the majority of its real estate holdings in Canada. The announced transaction is part of BlackBerry’s ongoing program to improve operational efficiencies, optimize resource usage and shift resources to support operations as the business continues to evolve.

Under the terms of the agreement, BlackBerry will sell more than 3 million square feet of space as well as vacant lands. BlackBerry will also lease back a portion of the space. CBRE Limited served as an advisor to BlackBerry for this transaction. BlackBerry