RIM Announces Extension of Offer for Certicom
Waterloo, ON - Research In Motion Limited ("RIM") (Nasdaq: RIMM; TSX: RIM) announced that a wholly-owned subsidiary of RIM will be extending the expiry date of its offer to acquire all of the outstanding common shares of Certicom Corp. ("Certicom") (TSX: CIC) for CDN $1.50 in cash per share from January 15, 2009 to 5:00 p.m. (Toronto time) on January 27, 2009. All other terms and conditions of the offer remain unchanged. The formal notice of extension will be mailed to Certicom's shareholders next week.
As previously disclosed, Certicom is bringing applications before the Ontario Superior Court of Justice and the Ontario Securities Commission to prevent RIM's offer from proceeding. RIM is vigorously opposing such applications and will bring its own proceedings before the Ontario Securities Commission to cease trade Certicom's shareholder rights plan. RIM is extending the offer so that the court and regulatory proceedings can be dealt with in an orderly time frame within the context of RIM's offer.
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.
As previously disclosed, Certicom is bringing applications before the Ontario Superior Court of Justice and the Ontario Securities Commission to prevent RIM's offer from proceeding. RIM is vigorously opposing such applications and will bring its own proceedings before the Ontario Securities Commission to cease trade Certicom's shareholder rights plan. RIM is extending the offer so that the court and regulatory proceedings can be dealt with in an orderly time frame within the context of RIM's offer.
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.
Posts
No comments: