After-Hours News: BlackBerry Limited (BBRY) Shares Weigh Possible Cerberus Interest

Category: Companies / Oct 02, 2013 4:47PM EDT

BlackBerry Limited (NASDAQ: BBRY) reversed losses and shares edged up at the close after a report that the company has drawn interest from private-equity firm Cerberus and at least one other investor, but it did not name the second firm, according to Dow Jones. BlackBerry also said it expected to record $400 million in pre-tax charges related to cuts announced last month. 

BlackBerry closed the session up 0.51 percent to 7.96 per share. In after-hours trading, shares of the smartphone maker fell 1.01 percent to $7.88, as of 4:45 p.m. Eastern.

Wall Street pulled back on Wednesday, as day two of the ongoing government shutdown weighed on U.S. stocks. 

The Dow Jones industrial average dropped 64.09 points, or 0.42 percent, to 15,127.61. The S&P 500 lost 1.41 points, or 0.08 percent, to 1,693.67. The Nasdaq Composite dropped 2.96 points, or 0.08 percent, to 3,815.02.