Canada mum on potential of foreign takeover of RIM

Research In Motion (NASDAQ:RIMM), its shares battered in the wake of a weak financial performance and a delay in the launch of its BlackBerry 10 platform, has been the subject of takeover speculation. However, Canadian Finance Minister Jim Flaherty said he is not aware of any foreign takeover bid for RIM and that the government has no comment on how it might approach such a move. In a conference call with reporters, Flaherty said RIM is important to Canada and to the world, but he refused to be pinned down on foreign takeover talk (Microsoft (NASDAQ:MSFT), Amazon and Facebook have been rumored as suitors). "If there were a proposal for RIM or part of RIM coming from outside Canada, then that's a matter that of course the minister of industry would review, should it fall under the terms of the Investment Canada Act," he said. "But I'm not going to speculate because there's, as far as I know, nothing being proposed right now." Article

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