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
Related posts:
- Prem Watsa Buys A Bigger Stake In RIM
- Mike Lazaridis Bought $50 Million In RIM Stock Before He Stepped Down As Co-CEO
- Primecap Doubles Invest in RIM Stock, Giving More Confidence for Future
- Rumor: Stocks Have Risen At RIM Due To Investor Stake
- RIM Investor Believes RIM Will Take A While To Show A Turnaround
