TORONTO (AP) — The head of Fairfax Financial Holdings Ltd. says he has every intention of completing the acquisition of BlackBerry despite doubts that the $4.7 billion deal for the troubled smartphone maker will go through.
BlackBerry announced earlier this week that Fairfax signed a letter of intent that "contemplates" buying BlackBerry for $9 a share. Fairfax, BlackBerry's largest shareholder, is trying to raise money for the bid. There is no breakup fee should Fairfax walk away.
Fairfax Chief Executive Prem Watsa told The Associated Press his firm is not in the business of making an offer and then at the last minute changing the figure or walking away.
BlackBerry shares on Wednesday lost 6 percent, closing a dollar below Fairfax's bid on fears the deal won't happen.
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Buffalo Police have arrested 26-year-old Nicholas Finnegan of South Buffalo and charged him with pushing Russ Ross to his death.
The Niagara County Sheriff's responded to Saunders Settlement Road near Comstock in Cambria Friday night after receiving a tip about a suspected meth lab.
Police say there were 32 burglaries, 20 in Albion, five in Medina, four in Oakfield and three in the City of Lockport.
Firefighters had to withdraw from a smoky fire in Blasdell at a multi-dwelling home on South Park Avenue Friday night because the flames were so intense.
Call 4 Action looked into claims this week that members of BJ's Wholesale Club were paying too much on sales tax on some deeply discounted items.
State Police in Pennsylvania are investigating an alleged pedophile pastor already facing charges in Western New York.