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Blackberry Ltd. To Speed Up Auctioning Process

By Warren Paige

Beleaguered smartphone manufacturer, Blackberry Ltd. (NASDAQ: BBRY) is trying to speed up its auctioning process, said sources familiar with the matter.  These courses said that the Company intends to find a buyer by November. Last month, the Company announced that it was looking at all strategic alternatives to transform its flagging business. Since then, the Company has held several early stage negotiations with potential bidders. A person familiar with the development said that the Company has already begun shortlisting the potential buyers list, according to the Wall Street Journal.

September 5th, 2013 | Tags: | Category: Large Cap Growth Stocks

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.