ss_blog_claim=05016498bc2b955d34a84ae9266e9f5e

Saturday, December 13, 2008

RIM Takeover Bid for Certicom


Research in Motion Limited (RIM) recent announcement of a takeover bid for Certicom Corp. is now open to the shareholders. Back on December 3, RIM offered shareholders 1.50 Canadian dollars ($1.20) per share, which accounts to CA$66 million ($52.6 million) for the outstanding shares of Certicom, which is based in Mississauga, Ontario makes encryption technology for wireless communications.

Certicom has said that they are also looking at a number of other competing bids, and not just from RIM. On the other hand, RIM, which is a Canadian wireless device company best known as the developer of the BlackBerry handheld communication device, has said that their offer for Certicom Corp. will only stay open until 5 p.m. EST on Jan. 15.

RIM is hoping to put their money in other areas, as their shares have fallen yet again. Shares recently fell to 85 cents, or 2.2 percent, to $38.36.

Thank you for visiting SurayBlog

No comments:

Useful Posts