The ongoing struggle between RIM and Certicom continues. When last we left these two companies, RIM had extended their offer to Certicom shareholders until January 27th.
Since then, the Ontario Superior Court has granted Certicom’s request for an injunction, and blocked RIM’s hostile takeover. RIM is now reportedly mulling its options and considering an appeal to the Superior Court. Without an appeal, the court action would also prohibit RIM from participating in any auction for Certicom without Certicom’s permission.
Unfamiliar in the ways of hostile takeovers, I’m not certain at what point RIM should decide to cut its losses and quit pursuing Certicom, but I’m certain they’re nearing it.