RIM goes after Certicom
p2pnet news view | Mobiles:- Canada’s RIM (Research In Motion Limited) wants Certicom Corp, which describes itself as an “expert in public key infrastructure implementations, device security, anti-counterfeiting, product authentication, asset management, and fixed-mobile convergence”.
RIM says it’s, “formally commenced its take-over bid … for all of the outstanding common shares”.
Certicom’s decision, “a decade ago to take a lump sum from RIM, one of its largest customers, instead of getting paid per device helped open the door for the smartphone powerhouse to place a hostile takeover bid,” said the Financial Post recently.
RIM says its cash offer of $1.50 a share will be open until January 15, 2009, “unless withdrawn or extended”.
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Certicom Corp – RIM Subsidiary Files Formal Take-Over Bid for Certicom, December 10, 2008
Financial Post – RIM makes hostile bid for Certicom, December 3, 2008
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