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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: thestockrider who wrote (61041)10/20/2000 6:15:55 PM
From: StockDung  Read Replies (2) of 122087
 
RIM files prospectus to sell 6 million common shares


WATERLOO, Oct 20 (Reuters) - Two-way wireless pager maker Research In Motion Ltd. <RIMM.O> <RIM.TO> said on Friday it has filed a prospectus in Canada and the United States to sell 6 million common shares.

The offering is being managed by Merrill Lynch, Credit Suisse First Boston, Goldman, Sachs & Co., Banc of America Securities, CIBC World Markets, Griffiths McBurney & Partners, U.S. Bancorp Piper Jaffray and Wit SoundView.

RIM said in a statement that it will also grant underwriters an option for an additional 900,000 common shares to cover any over-allotments.

($1=$1.51 Canadian)

16:53 10-20-00
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