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RIM shares up again on takeover speculation

News - By: SPBlast! Staff - October 05, 2011


Research in Motion's stock price has moved up again on speculation the BlackBerry maker is a target for a takeover. RIM is down about 59% this year, but recently the stock has been jumping because of the takeover speculation.

"RIM rose $2.60, or 12 percent, to $23.60 at 4 p.m. New York time on the Nasdaq Stock Market, the biggest one-day gain since April 2009."



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