By Echo Wang NEW YORK (Reuters) - Arm, the chip designer owned by SoftBank Group Corp, received enough backing from investors to secure at least the ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSBy Echo Wang
Reuters had reported on Sunday that this outcome was likely. After reviewing investor committments on Tuesday, Arm decided it will only accept the top end of its indicated $47-to-$51-per-share range, or a price that is even higher, the source said.
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