Deals
Cerberus Said to Review BlackBerry Finances; Mulls Bid
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Cerberus Capital Management LP, the private-equity firm that focuses on distressed assets, signed a nondisclosure agreement with BlackBerry Ltd., gaining access to financial information it could use to formulate a bid for the smartphone maker, said a person with knowledge of the situation.
The firm is in the early stages of considering an offer to acquire all of BlackBerry, said the person, who asked not to be identified because the deliberations are private. Cerberus may still choose not to proceed with a deal. Peter Duda, a spokesman for New York-based Cerberus, declined to comment, as did Adam Emery, a spokesman for Waterloo, Ontario-based BlackBerry.