Market Overview

Would Canada Ever Let RIM Go?


Originally published on Fox Business

The Canadian government is understandably touchy about the future of Research in Motion (RIMM: 12.66, -0.10, -0.82%), which is one of the country's largest employers, best-known companies and -- up until recently -- biggest success stories.

This affection for RIM, combined with the controversial 2010 decision to block a $39 billion buyout of Potash (POT: 45.18, -0.38, -0.83%), has raised some concern in the financial community that Ottawa could stand in the way of a potential foreign takeover of the floundering BlackBerry maker.

But Prime Minister Stephen Harper's government has recently signaled a willingness to allow the dismantling or outright sale of this Canadian crown jewel.

Last week Jim Flaherty, Canada's finance minister, said his government wouldn't block any foreign takeover of Waterloo, Ontario-based RIM, saying the company will be “masters of their own destiny.”

Continue reading this article here.

The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

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