A service of StreetInsider.com
Ticker Symbol

Most Popular

AAPL 198.11
GOOG 1.115.52
MSFT 137.44
FB 192.50
BAC 27.98

Recently Added

TIP 115.54
REG 68.86
FCN 84.15
GLOP 21.19
BGS 21.46

Gaining Speed

AAPL 198.11
GOOG 1.115.52
MSFT 137.44
FB 192.50
BAC 27.98

RIM (RIMM) May Hire JPMorgan to Shop Itself

Posted by The Staff on Apr 19, 2012 3:48 PM

An article published today at Bloomberg suggests that beleaguered telecommunications company, RIM (Nasdaq: RIMM), could be in talks to sell itself or part of its company. According to reports, RIM is considering hiring JPMorgan Chase & Co. to help it manage "strategic options".

William Blair analyst, Doradla, said RIM doesn't need a banker to negotiate a licensing relationship. "The way I interpret hiring a banker is to sell parts of business, an outright sale or an equity stake by a third party."

Tenille Kennedy, a RIM spokeswoman, refused to comment on any possible sale of the company.

RIM shares have dropped 75% in the past 12 months.

RIMM is number 7 on the ESA Top 100.

Return to Stocks in the News




Get Alerted When News Hits On This Stock - FREE!