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Subject: [ISN] VeriSign to Buy Security Software Maker Certicom
From: InfoSec News <alerts () infosecnews ! org>
Date: 2009-01-26 6:13:23
Message-ID: Pine.LNX.4.61.0901260013140.20187 () conundrum ! infosecnews ! org
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http://bloomberg.com/apps/news?pid=20601082&refer=canada&sid=a4bwhir5TTXY
By Matt Townsend
Bloomberg
Jan. 23, 2009
VeriSign Inc., the largest manager of computers that direct Internet
traffic, agreed to buy security- software maker Certicom Corp. three
days after Research In Motion Ltd. withdrew its bid.
VeriSign will buy all of Certicom's outstanding stock for C$2.10 a
share, or C$92 million ($73 million), the companies said today in a
statement. The offer is 26 percent more than Certicom's closing price of
C$1.67 yesterday on the Toronto Stock Exchange.
Certicom went to court to block Research In Motion's C$1.50- a-share bid
until it could review the deal. The Ontario Superior Court of Justice
ruled in favor of Certicom on Jan. 19, preventing its shareholders from
accepting the BlackBerry-maker's offer. Research In Motion withdrew the
next day.
Mississauga, Ontario-based Certicom jumped 67 cents, or 40 percent, to
$2.34 at 3:59 p.m. in Toronto trading. VeriSign, based in Mountain View,
California, fell 6 cents to $18.46 on the Nasdaq Stock Market.
[...]
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