Yesterday, Arm Holdings was bought out by the Japanese SoftBank
An amazing British success story, sadly taken over.
http://ir.arm.com/phoenix.zhtml?c=197211&p=irol-irhome
But then this is free market economics, but with the devaluation in Sterling, it requires less Japanese Yen to buy Arm holdings.
The major shareholders will do well in the deal, who are they ?
Baillie Gifford & Co 9.57% of Arm
BlackRock, Inc. 5.08% of Arm
Thornburg Investment Management 5.01% of Arm
Fidelity Management and Research Corporation 4.92% of Arm
The Capital Group Companies, Inc. 3.02% of Arm
The top 5 shareholders over 27% of the shares.
It is pity that such an amazing name will vanish from the UK.
This video springs to mind, the demise of GEC Plessey (GPT) and towards to the end, Marconi.
The music is from the 1994 album by Pink Floyd, the Division Bell, the song is called “High Hopes”