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RIM Takeover Set When Board Obeys Shareholders: Corporate Canada

Research In Motion Ltd. investors see an outright sale as the best choice for the BlackBerry maker after a series of failed turnaround efforts led management to explore strategic options.

RIM said this week it hired JPMorgan Chase & Co. and RBC Capital Markets to help it find a partner or license its operating system. That won’t be enough to reverse the company’s stock decline and flagging sales, said RIM investor Vic Alboini, chairman of the Toronto-based investment firm Jaguar Financial Corp. He’d rather attract a buyer, such as Microsoft Corp. or International Business Machines Corp.