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
Officials at Certicom and RIM could not immediately be reached for
The ruling does not prevent RIM from entering into friendly takeover
negotiations with Certicom.
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