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Judge blocks RIM's hostile bid for Certicom




Judge blocks RIM's hostile bid for Certicom
Judge blocks RIM's hostile bid for Certicom



http://www.theglobeandmail.com/servlet/story/RTGAM.20090119.wrim0119/BNStory/Technology/home 

By MATT HARTLEY
Globe and Mail Update
January 19, 2009

An Ontario judge has blocked Research In Motion Ltd. from proceeding 
with a hostile bid for Certicom Corp.

According to a ruling by Justice Alexandra Hoy, the BlackBerry maker 
will be barred from continuing its $66-million unfriendly offer for the 
Mississauga-based encryption company.

"The use of the confidential information provided pursuant to the two 
non-disclosure agreements at issue ... to assess the desirability of a 
hostile takeover bid breached those agreements. RIM and RIMAC shall be 
enjoined from taking any steps to advance the hostile takeover bid 
launched by them on Dec. 10, 2008," she wrote in a judgment issued 
Monday.

Officials at Certicom and RIM could not immediately be reached for 
comment.

The ruling does not prevent RIM from entering into friendly takeover 
negotiations with Certicom.

[...]


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