ARM: SoftBank

(asked on 20th July 2016) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask Her Majesty’s Government what powers they have to review the financial capacity of SoftBank to support ARM Holdings, and in particular whether they can require a further injection of capital into ARM Holdings before any takeover occurs.


Answered by
Baroness Neville-Rolfe Portrait
Baroness Neville-Rolfe
Minister of State (Cabinet Office)
This question was answered on 12th August 2016

It is for the parties to the proposed transaction to consider their relative positions in compliance with the Takeover Code. The board of the target company must take independent advice on the offer, and evaluate its effects on the company’s interests, before giving the board’s opinion to shareholders.

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