Slaughter and May advising ARM Holdings - recommended cash offer by SoftBank Group Corp

18 Jul 2016

Slaughter and May is advising ARM Holdings plc on a recommended cash offer for ARM's entire issued and to be issued share capital by SoftBank Group Corp. The offer was announced on 18 July 2016. Under the offer, each ARM shareholder will be entitled to receive 1,700 pence in cash for each ARM share. The offer values ARM's issued and to be issued share capital at approximately £24.3 billion. It is expected the transaction will complete in Q3 2016.

ARM is the world's leading semiconductor intellectual property supplier. SoftBank is one of the leading operators and investors in the global technology, Internet and wireless sectors.

ARM's internal legal team was led by Philip Davis, General Counsel and Company Secretary.


Corporate: Steve Cooke (partner), Chris McGaffin (partner), Alex Dustan (associate), Christian Boney (associate), Warwick Brennand (associate), Chris Connolly (associate); Anti-trust/regulatory: Jordan Ellison (partner), Elie Yoo (associate); Employment/share schemes: Jonathan Fenn (partner), Rosemary Nelson (associate); Tax: Gareth Miles (partner), Charles Osborne (associate)

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