An affiliated fund of Steven A. Cohen's SAC Capital Advisors shut down last week as the $14 billion hedge fund begins to shrink in the wake of a criminal indictment filed against it in July.
Now that BlackBerry has announced that it's exploring alternative strategies that include selling off the company, talk among financial analysts has naturally turned to what firm would potentially buy the troubled device manufacturer. Canaccord Genuity analyst Mike Walkley thinks that BlackBerry's options may be limited because no company will buy it at its current market cap. ?We struggle to identify potential buyers that would pay a premium to the current share price,? Walkley writes while reiterating a Sell rating on BlackBerry shares.