Certicom shareholders vote for RIM takeover

MISSISSAUGA – Certicom Corp. RIM-logo111X74.jpgshareholders vote in favour of a takeover bid by Research In Motion (RIM), which is paying three dollars a share or about $130-million for the data encryption specialist. Of the 54% of Certicom shares represented at the special meeting, 95% were in favour of the takeover bid. Certicom expects all conditions of the sale will be met in time for final court approval on March 23. RIM, which uses Certicom technology in its BlackBerry products, launched a hostile bid in December at $1.50 per share, setting off a bidding war with California-based VeriSign Inc.

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