Mr BBD21 Nov 2018 20:42
Thanks for your note about ARM and the T/O by Softbank. At the time, about 15/18 months ago, I was surprised to read that the Market Cap of ARM was about 24B, then I read that it has been sold, quite quickly, if I recall correctly for almost the same figure. In other words, NO PREMIUM charged. At the time ARM seemed to be not just the leader here in UK, but often referred to in deals carried out where their permission was required. (Must admit, a little vague about that). In a T/O the sale has to receive approval from shareholders, I understand. Correct me if I am wrong, please. Getting that approval can be time consuming, especially with a large number of shareholders, so was it Quick ??? ---- Yours, Max.