BlackBerry Gets Vote of Confidence From Ontario Teachers’
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Ontario Teachers’ Pension Plan bought almost 7.8 million shares of BlackBerry Ltd. in the third quarter, giving John Chen’s turnaround plan another vote of confidence.
The retirement fund is now one of the Waterloo-based smartphone maker’s top 10 holders with 8.23 million shares as of Sept. 30, according to a regulatory filing today. The 1.6 percent stake is valued at about $84.5 million, based on yesterday’s closing stock price.