Tuesday, May 29, 2012

RIM Halts Trading To Issue Business Update, Hires RBC And J.P. Morgan For ?Strategic Review?

rimoneyCanadian smartphone manufacturer RIM has briefly ceased trading of their stock today in order to issue a "business update" from CEO Thorsten Heins to their stockholders. Though the release takes the time to outline some of the company's recent personnel changes, Heins also points out that the company has enlisted the services of both the Royal Bank of Canada and J.P. Morgan to help the company evaluate their financial strategies going forward.

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