Digital encryption technology company Certicom said on Tuesday it had agreed to be acquired by BlackBerry maker Research In Motion for 3 Canadian dollars ($2.41) a share in cash, after a rival bidder backed down. Certicom has about 43.7 million shares outstanding, making the deal worth about 131 million Canadian dollars ($105.1 million), The Associated Press said. In December, R.I.M launched a hostile bid for Certicom at 1.50 Canadian dollars per share. 
Share:  <span class="sent">Digital encryption technology company <span class="company">Certicom</span> said on Tuesday it had agreed to be acquired by BlackBerry maker Research In Motion for 3 Canadian dollars ($2.41) a share in cash, after a rival bidder backed down. </span> <span class="company">Certicom</span> has about 43.7 million shares outstanding, making the deal worth about 131 million Canadian dollars ($105.1 million), The Associated Press said. In December, R.I.M launched a hostile bid for <span class="company">Certicom</span> at 1.50 Canadian dollars per share. Tweet this 

Certicom said it received a second takeover bid from Research In Motion, this one for for 3 Canadian dollars a share, in what could lead to a bidding war with rival VeriSign. In a news release Tuesday, Certicom, which had previously accepted an offer of 2.10 Canadian dollars a share from VeriSign, said a special committee of its board is reviewing the new bid. If Certicom, a Canadian maker of encryption software, accepts the Research In Motion bid, VeriSign would have five days to improve its offer. 
Share:  Certicom said it received a second takeover bid from Research In Motion, this one for for 3 Canadian dollars a share, in what could lead to a bidding war with rival VeriSign. In a news release Tuesday, Certicom, which had previously accepted an offer of 2.10 Canadian dollars a share from VeriSign, said a special committee of its board is reviewing the new bid. If Certicom, a Canadian maker of encryption software, accepts the Research In Motion bid, VeriSign would have five days to improve its offer. Tweet this 

"We believe there is a reasonable chance of RIM coming back with a higher friendly offer for Certicom and so expect the stock price to modestly exceed VeriSign's offer," said Canaccord Adams analyst Dushan Batrovic. Certicom closed at $2.34 on Friday, up 40% on the day. Mr. Batrovic does not expect much more than 10¢ to 30¢ of upside. However, he did note that RIM has plenty of reasons to respond with another bid. 
Share:  <span class="sent">"We believe there is a reasonable chance of RIM coming back with a higher friendly offer for <span class="company">Certicom</span> and so expect the stock price to modestly exceed VeriSign's offer," said Canaccord Adams analyst <span class="analyst">Dushan Batrovic</span>. </span> <span class="company">Certicom</span> closed at $2.34 on Friday, up 40% on the day. Mr. Batrovic does not expect much more than 10¢ to 30¢ of upside. However, he did note that RIM has plenty of reasons to respond with another bid. Tweet this 

VeriSign said Friday it won a tug of war with Research in Motion over Certicom, a small company with public key encryption technology. In a statement . , VeriSign said it would buy Certicom for the equivalent of $1.67 a share, a 26 percent premium to where Certicom traded on the Toronto Stock Exchange. 
Share:  VeriSign said Friday it won a tug of war with Research in Motion over Certicom, a small company with public key encryption technology. In a statement . , VeriSign said it would buy Certicom for the equivalent of $1.67 a share, a 26 percent premium to where Certicom traded on the Toronto Stock Exchange. Tweet this 

Mr. Rhee said he believes Certicom will end up being acquired for C$2 to C$2.50 a share. Canaccord Adams' Dushan Batrovic said in a note Tuesday that he believes Certicom will ultimately end up being acquired by RIM in a friendly offer in the C$2-C$3 range.  
Share:  Mr. Rhee said he believes <span class="company">Certicom</span> will end up being acquired for C$2 to C$2.50 a share. <span class="sent"> Canaccord Adams' <span class="analyst">Dushan Batrovic</span> said in a note Tuesday that he believes <span class="company">Certicom</span> will ultimately end up being acquired by RIM in a friendly offer in the C$2-C$3 range. </span>...<span class="sent">Canaccord Adams' <span class="analyst">Dushan Batrovic</span> said in a note Tuesday that he believes <span class="company">Certicom</span> will ultimately end up being acquired by RIM in a friendly offer in the C$2-C$3 range. </span> He said he sees <span class="company">Certicom</span> bringing about C$1.80 a share in tangible value for RIM, consisting of about 97 Canadian cents a share in cash and 80 Canadian cents in tax losses. Tweet this 

The technology is used to encrypt and decrypt electronic data transmitted across insecure networks, such as the Internet. RIM is a long-time Certicom licensee and Certicom's patented ECC technology is a big reason why governments and businesses consider RIM's BlackBerry smartphone a secure communication channel, said Blackmont Capital analyst Lawrence Rhee. Certicom has opened a data room in hope of securing a fair bid from a third party. 
Share:  The technology is used to encrypt and decrypt electronic data transmitted across insecure networks, such as the Internet. <span class="sent"> RIM is a long-time <span class="company">Certicom</span> licensee and <span class="company">Certicom</span>'s patented ECC technology is a big reason why governments and businesses consider RIM's BlackBerry smartphone a secure communication channel, said Blackmont Capital analyst <span class="analyst">Lawrence Rhee</span>. </span> <span class="company">Certicom</span> has opened a data room in hope of securing a fair bid from a third party. Tweet this