RIM Considering Alternatives as a Result of Court Order Obtained by Certicom
Waterloo, ON – Research In Motion Limited ("RIM") (Nasdaq: RIMM; TSX: RIM) announced that the Ontario Superior Court of Justice has issued an order enjoining the offer (the "Offer") by RIM’s wholly-owned subsidiary for all of the common shares of Certicom Corp. ("Certicom") (TSX: CIC) at a price of Cdn$1.50 per common share.
RIM continues to be disappointed by the actions of Certicom's directors in pursuing court proceedings. As a result of the court order, Certicom shareholders will not be able to accept the Offer, and if another offer materializes for Certicom, RIM cannot, without Certicom's prior written consent, participate in an auction for Certicom. RIM believes this could hinder the value maximization process undertaken by Certicom.
RIM is reviewing the court's reasons for decision and is considering any alternatives available to it as a result of the court order, including a possible appeal.
About Research In Motion (RIM)
Research In Motion is a leading designer, manufacturer and marketer of innovative wireless solutions for the worldwide mobile communications market. Through the development of integrated hardware, software and services that support multiple wireless network standards, RIM provides platforms and solutions for seamless access to time-sensitive information including email, phone, SMS messaging, Internet and intranet-based applications. RIM's portfolio of award-winning products, services and embedded technologies are used by thousands of organizations around the world and include the BlackBerry® wireless platform, the RIM Wireless Handheld™ product line, software development tools, radio-modems and software/hardware licensing agreements. Founded in 1984 and based in Waterloo, Ontario, RIM operates offices in North America, Europe and Asia Pacific. RIM is listed on the Nasdaq Stock Market (Nasdaq: RIMM) and the Toronto Stock Exchange (TSX: RIM). For more information, visit www.rim.com or www.BlackBerry.com.
RIM continues to be disappointed by the actions of Certicom's directors in pursuing court proceedings. As a result of the court order, Certicom shareholders will not be able to accept the Offer, and if another offer materializes for Certicom, RIM cannot, without Certicom's prior written consent, participate in an auction for Certicom. RIM believes this could hinder the value maximization process undertaken by Certicom.
RIM is reviewing the court's reasons for decision and is considering any alternatives available to it as a result of the court order, including a possible appeal.
About Research In Motion (RIM)
Research In Motion is a leading designer, manufacturer and marketer of innovative wireless solutions for the worldwide mobile communications market. Through the development of integrated hardware, software and services that support multiple wireless network standards, RIM provides platforms and solutions for seamless access to time-sensitive information including email, phone, SMS messaging, Internet and intranet-based applications. RIM's portfolio of award-winning products, services and embedded technologies are used by thousands of organizations around the world and include the BlackBerry® wireless platform, the RIM Wireless Handheld™ product line, software development tools, radio-modems and software/hardware licensing agreements. Founded in 1984 and based in Waterloo, Ontario, RIM operates offices in North America, Europe and Asia Pacific. RIM is listed on the Nasdaq Stock Market (Nasdaq: RIMM) and the Toronto Stock Exchange (TSX: RIM). For more information, visit www.rim.com or www.BlackBerry.com.
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