Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Certicom Corporation (TSE:CIC, NASD:CERT) -- Ignore unavailable to you. Want to Upgrade?

To: caly who wrote (4911)	1/23/2009 11:08:29 AM
From: caly	Respond to of 4913

Certicom announces agreement for acquisition by VeriSign, Inc. for C$2.10 per share Friday January 23, 4:22 am ET MISSISSAUGA, ON, Jan. 23, 2009 /CNW/ - Certicom Corp. (TSX: CIC.TO - News; the "Company" or "Certicom") today announced it has entered into an arrangement agreement with VeriSign, Inc. (NASDAQ:VRSN - News; "VeriSign") whereby VeriSign will acquire all of the outstanding common shares of Certicom ("Common Shares") at a cash price of C$2.10 per Common Share. The agreed transaction price represents a premium of approximately 147.1% over the closing price of the Common Shares on the Toronto Stock Exchange ("TSX") on December 2, 2008, the last trading day prior to the announcement of the unsolicited takeover bid for the Common Shares by a wholly-owned subsidiary of Research In Motion Limited (the "RIM Bid") and a premium of approximately 25.7% over the closing price of the Common Shares on the TSX on January 22, 2009. It also represents a premium of 40% over the recently withdrawn RIM Bid. The total purchase price of the transaction is C$92 million (US$73 million at current exchange rates).