BlackBerry's shares rise on report of buyout

NEW YORK (Reuters) - BlackBerry Ltd's U.S. shares rose 3 percent on Monday after a report that a Canadian investor was closing in on a rescue deal for the battered smartphone maker that put itself up for sale last month. The company's shares rose to $11.17 in premarket trading after closing at $10.84 on the regular Nasdaq session after a report in Britain's Sunday Times newspaper that Canadian investor Prem Watsa has backing from pension funds for a bid. BlackBerry representatives were not immediately available for a comment. ...

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