Certicom Board of Directors has now approved RIM’s takeover bid, agreeing to a CND $131 million cash takeover. RIM initially offered Ceritcom $1.50 per share (a 76.5% premium over Certicom’s December 3, 2008 stock price) or about $66 million cash, but the company declined the offer after winning an Ontairo Court injunction on the basis RIM used confidential information in its bid. California based Verisign later offered $2.10 per share, only to be trumped by RIM’s latest $3 winning bid. Certicom still retains the right to cancel the RIM takeover if another company offers another higher bid.