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You are here: Home / BlackBerry / RIM Withdraws Hostile Takeover Bid For Certicom

RIM Withdraws Hostile Takeover Bid For Certicom

January 21, 2009 by Robb Dunewood Leave a Comment

Back at the beginning  of December Research in Motion announced its itentions to buy Certicom, a Canadian encryption software company, for C$1.50 per share.  Almost immediately Certicom made it clear that they didn’t want to be bought and even got an injunction blocking the takerover this passed Monday.

It would appear that all the fuss that Certicom put up has paid off.  RIM has withdrawn its offer.

Monday’s Ontario Superior Court order granting Certicom’s request for an injunction meant the conditions of the offer made in December could no longer be met.

[Via Reuters]

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Filed Under: BlackBerry Tagged With: Certicom

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