ARM lifts European shares after SoftBank bid

July 18, 2016 7:18 AM

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LONDON, July 18 European shares rose on Monday, boosted by a surge in ARM after Japan's SoftBank agreed to by the chip designer at a premium of more than 40 percent to Friday's closing price.

ARM rose 45 percent to a record high of to 1,733p after SoftBank agreed to buy the British chip designer in a 24.3 billion pound ($32.2 billion) deal.

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