BlackBerry

BlackBerry proposals lacked any turnaround plan

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The head of one of Canada's top pension funds confirmed on Thursday his firm was involved in talks over a potential buyout of BlackBerry but said he never saw a business plan he was confident would turn around the company.

Leo de Bever, chief executive of the C$70 billion ($66.6 billion) Alberta Investment Management Corp (AIMCo), said all of Canada's biggest pension funds were involved in discussions over BlackBerry.

However, de Bever said AIMCo was never presented with a business plan that would have justified an investment in the company.

"You had six or seven . . .

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