On Wednesday we told you that RIM had made a $66 million offer to Certicom‘s shareholders in an attempt to purchase the encryption software company. The offer had been made directly to shareholders due to stalled negotiations with Certicom management.
Today, we can tell you that Certicom has refused a request by RIM for exclusive buyout talks, and is now inviting offers from other interested parties. Certicom says it has been in talks with other companies about a possible deal but mentioned none specifically. The company has formed a special committee of its board and hired TD Securities Inc. as a financial adviser to consider RIM’s proposal and seek other bids.
RIM is offering no new statements on the matter beyond what was made Wednesday, so we’ll just have to wait and see how it plays out.