Jaguar Financial, a shareholder of BlackBerry-maker RIM, called on the company’s directors to carry out a formal process for maximization of shareholder value in a letter from Jaguar and supportive shareholders. The letter suggests that the company should consider selling itself or monetizing the RIM patent portfolio through a spinout to RIM shareholders. The status quo is not acceptable, said Vic Alboini, chairman and CEO of Jaguar. The company cannot stand still, and the directors need to take control and maximize shareholder value before market value is lost.
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Jaguar Sinks Its Teeth Into RIM
Posted by: Rob Spiegel September 6, 2011 12:40 PMJaguar Financial, a shareholder of BlackBerry-maker RIM, called on the company’s directors to carry out a formal process for maximization of shareholder value in a letter from Jaguar and supportive shareholders. The letter suggests that the company should consider selling itself or monetizing the RIM patent portfolio through a spinout to RIM shareholders. The status quo is not acceptable, said Vic Alboini, chairman and CEO of Jaguar. The company cannot stand still, and the directors need to take control and maximize shareholder value before market value is lost.