Certicom is not interested in RIM buying their company and are looking for other possible interested parties. On Wednesday RIM made a 66 million offer directly to their shareholders. Certicom refused the request by RIM for exclusive buyout talks and they are inviting other people to bid.

RIMarkable reported Research in Motion intention to purchase all shares from encryption company Certicom at $1.50 Canadian dollars which represents 76.5% of Certicom’s closing price yesterday Dec 2th.

Beginning in February 2007, RIM commenced discussions with Certicom management to evaluate a potential transaction.  At various points since beginning discussions, RIM has conducted certain due diligence on the business and we continue to believe Certicom is a natural fit for RIM.  Our collective expertise and business resources would increase the adoption of Certicom’s technology,” said Jim Balsillie, Co-CEO of RIM.  “We believe our proposed offer is fair, reflects the full value of Certicom and takes into account the growth prospects and potential synergies made possible by this transaction.  As we are unable to engage Certicom management in a meaningful dialogue to advance the terms of a potential transaction, we believe it is in the best interests of our respective shareholders, employees and customers to make this attractive offer directly to Certicom shareholders now.

For more read the complete press at RIM site.

Via: RIMarkable