- Reuters•5 hours ago
Overseas buyers lured by a plunge in the pound are looking to snare British companies on the cheap, ensuring a steady flow of deals since Britain voted to leave the European Union and defying expectations of an M&A drought. Almost 60 transactions totalling $34.5 billion have been struck by foreign companies for British firms since June 23, according to Thomson Reuters data, compared with 79 deals amounting to $4.3 billion in the month leading up to the vote. This activity - dominated by Japanese group SoftBank's $32 billion swoop for chip designer ARM Holdings - has defied warnings that dealmaking could dry up for a period if Britain backed Brexit, given uncertainty surrounding risks to the economy and access to the EU single market.
- Financial Times•19 hours ago
Since SoftBank announced its £24bn bid for Arm Holdings last week, much of the talk has been about how the UK is too willing to sell its few world-class businesses. The chip designer is far from the first ...
ARM Holdings plcNasdaqGS
Pre-Market: 66.220.19 (0.29%) as of 6:10 AM EDT
|Bid||66.11 x 6700|
|Ask||66.17 x 1000|
|52wk Range||36.68 - 67.48|
|Day's Range||65.71 - 66.04|
|Avg Vol (3m)||3,020,111|
As of 4:00 PM EDT. Market closed.