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VeriSign to Buy Security Software Maker Certicom

VeriSign to Buy Security Software Maker Certicom
VeriSign to Buy Security Software Maker Certicom

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By Matt Townsend
Jan. 23, 2009

VeriSign Inc., the largest manager of computers that direct Internet 
traffic, agreed to buy security- software maker Certicom Corp. three 
days after Research In Motion Ltd. withdrew its bid.

VeriSign will buy all of Certicom=E2=80=99s outstanding stock for C$2.10 a 
share, or C$92 million ($73 million), the companies said today in a 
statement. The offer is 26 percent more than Certicom=E2=80=99s closing price of 
C$1.67 yesterday on the Toronto Stock Exchange.

Certicom went to court to block Research In Motion=E2=80=99s C$1.50- a-share bid 
until it could review the deal. The Ontario Superior Court of Justice 
ruled in favor of Certicom on Jan. 19, preventing its shareholders from 
accepting the BlackBerry-maker=E2=80=99s offer. Research In Motion withdrew the 
next day.

Mississauga, Ontario-based Certicom jumped 67 cents, or 40 percent, to 
$2.34 at 3:59 p.m. in Toronto trading. VeriSign, based in Mountain View, 
California, fell 6 cents to $18.46 on the Nasdaq Stock Market.


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