Prem Watsa, CEO of Fairfax Financial Holdings Ltd Has Doubled Investment in RIM

Back on July 4th CEO Prem Watsa of Fairfax Financial Holdings Ltd has reportedly doubled the investment in Research In Motion from owning just 5.12% to almost 10%. After Jim Balsillie and Mike Lazaridis left the RIM Prem Watsa join the board in January.

Prem Watsa 9.9% stake in RIM is 51.9 million shares, which is valued at C$356.2 million RIM shares closed at C$6.87 on the Toronto Stock Exchange.

Source: ChicagoTribune