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 RIM has withdrawn its offer.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.