
Just recently, Research in Motion announced its intention of extending the expiry date of its offer to buy all of Certicom’s outstanding common shares. Certicom, however, is having a cold shoulder towards RIM’s offer. In fact, Certicom is consistently blocking RIM’s offer to purchase before the Ontario Securities Commission.
Below is an excerpt from Research in Motion’s Pressroom:
“The offer for Certicom by RIM’s wholly-owned subsidiary is not being made in, nor will deposits of securities be accepted in, any jurisdiction in which the making or acceptance thereof would not be in compliance with the laws of such jurisdiction. However, RIM’s wholly-owned subsidiary may, in its sole discretion, take such action as it deems necessary to extend the offer in any such jurisdiction.”
