Court blocks RIM's Certicom takeover bid

Research in Motion (RIM), the maker of BlackBerry, is considering appealing a court order blocking the company from mounting a hostile takeover of security firm Certicom.

The Canadian firm said it is considering the options left available to the company, "including a possible appeal."

Ontario's superior court has permanently enjoined RIM's C$1.50 ($1.19) offer, Certicom has announced.

The court said RIM had used confidential information supplied by Certicom to prepare its bid, breaking non-disclosure agreements (NDA) between the two companies signed in 2007 and 2008.

RIM does have at least one more option available - it could submit a bid that does comply with the non-disclosure agreements.