The news reported earlier now made official 18 July 2016
- purchase price around $31bln
- paying GBP 17 for each share, premium of 43%
- interim dividend of 3.78 pence per Arm share
- HQ of Arm to stay in Cambridge, UK
- Arm board will unanimously recommend the deal to shareholders
Eamonn had the heads up here. The Beeb has more here
How much of the GBP 17bln cash element purchase has been done already remains unknown but one might reasonably guess there's a been a few bids soaked up in the post-Brexit and safe-haven GBPJPY tumbles.
Currently 139.63 after the post-Turkish turmoil.
