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Judge blocks RIM's hostile bid for Certicom
From: InfoSec News <alerts () infosecnews org>
Date: Wed, 21 Jan 2009 00:28:15 -0600 (CST)
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. [...] _______________________________________________ Please help InfoSecNews.org with a donation! http://www.infosecnews.org/donate.html
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- Judge blocks RIM's hostile bid for Certicom InfoSec News (Jan 20)