ARM lifts European shares after bid by SoftBank
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* STOXX Europe 600 rises 0.7 percent
* Technology shares lead market higher
* ARM rises over 40 percent, to record
* Sector peers Dialog, AMS also among top gainers
By Alistair Smout
LONDON, July 18 (Reuters) - European shares rose on Monday, boosted by a surge in ARM to a record high after Japan's SoftBank agreed to buy the chip designer at a premium of more than 40 percent to Friday's closing price.
ARM was up 43 percent to 1,700p after SoftBank agreed to buy the British company in a 24.3 billion pound ($32.2 billion) deal.
The deal will see SoftBank pay 1,700p for every ARM share, and the Japanese firm said it would double ARM's UK staff and keep its headquarters in Cambridge. Continuación...