Saturday August 18, 2012

Canada Minister Was Prepped if RIM CEO Talked Takeover

A report from Reuters reveals that high level talks had taken place back in March between senior Canadian officials and RIM CEO Thorsten Heins outlining takeover speculation of RIM by foreign investment concerns. Looks like RIM can’t sell or go bankrupt without the Canadian Government’s approval.

The foreign investment law requires the minister to look at the effects of a proposed deal on economic activity in Canada.

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