​BlackBerry Ltd. shares surged nearly 11 per cent on the Toronto Stock Exchange on Thursday after a research report identified the company as a likely target for an acquisition. BlackBerry shares reached a high of $15.82 in Thursday morning trading — up 10.78 per cent. The jump came after Citron Research published a report saying the company's shares are likely to reach $20 US on the Nasdaq within 24 months. On Thursday, the former smartphone maker's shares on the U.S. exchange were trading at $11.61 US. In mid-May, Macquarie Research analyst Gus Papageorgiou said in a note that the company's shares could rise to $45 US by 2020.

Source: CBC News June 01, 2017 16:52 UTC