An activist shareholder in Research In Motion (RIM.TO) said on Tuesday it wants the struggling BlackBerry maker to consider selling itself or spinning off its patent portfolio, sending RIM's share price higher. Jaguar Financial Corp (JFC.TO) said it wants the Canadian company's board to wrest power from co-Chief Executives Mike Lazaridis and Jim Balsillie and for up to five of RIM's independent board members to explore options to maximize shareholder value. RIM shares were up 1.3 percent at midday Tuesday at $30.52 on the Nasdaq and gained 2.3 percent to C$30.26 on the Toronto Stock Exchange. Both markets were down sharply overall. RIm shares have lost almost half their value since the start of the year.
Shares of JFC fell by 1.58% or $-0.21/share to $13.04. In the past year, the shares have traded as low as $12.57 and as high as $16.37. On average, 18788 shares of JFC exchange hands on a given day and today's volume is recorded at 4631.
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