No RIM Certicom Takeover

RIM’s hostile takeover bid of Certicom has been stopped. Due to Justice Alexandra Hoy’s ruling, RIM has officially been stopped from its $66 million hostile takeover bid of the Mississauga-based encryption company – Certicom. This is because of a couple of non-disclosure agreements that were signed between the two companies in 2007 and 2008. Justice Alexandra Hoy said “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.“