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RIM Shareholder Fairfax Doubles Stake in BlackBerry Maker

Fairfax Financial Holdings Ltd., the insurer run by Canadian investor Prem Watsa, doubled its stake in Research In Motion Ltd. in a vote of confidence in the BlackBerry maker after Watsa joined the company’s board.

Fairfax owns 26.85 million RIM shares, up from 11.8 million shares in September, according to a regulatory filing today. The company raised its stake to 5.12 percent, worth about $451 million at today’s closing price.