BlackBerry Said to Negotiate for Tax Refund of up to $1BBlackBerry Ltd. (BB), which is shoring up its finances after a $4.7 billion buyout deal fell through, is seeking a tax refund of as much as $1 billion before the end of the year, according to two people familiar with the situation.
The company is negotiating for a larger refund than previously disclosed and asking the Canadian government to speed up the process, said the people, who asked not to be identified because the discussions are private. The Waterloo, Ontario-based company said in a filing last month that it expected to receive a $500 million rebate from the government in the first half of fiscal 2015, which begins in March. Now it’s aiming to get the refund before the end of calendar 2013, the people said.
https://www.bloomberg.com/news/2013-11-06/blackberry-said-to-be-negotiating-up-to-1-billion-tax.html