1-11 of 11 results for subject:ARM
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- subject_t:ARM OR subject_t:"ARM Holdings" OR subject_ses:358088
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To ask Her Majesty’s Government whether they were consulted by SoftBank before that company's sale of an interest in ARM Holdings; and what assessment they have made of the extent to which that disposal is consistent with the commitments which were secured by the Government from SoftBank at the time...
To ask Her Majesty’s Government whether they were consulted by SoftBank before that company's sale of an interest in ARM Holdings; and what assessment they have made of the extent to which that disposal is consistent with the commitments which were secured by the Government from SoftBank at the time...
The Takeover Panel is responsible for the enforcement of post-offer undertakings.
To ask the Secretary of State for Business, Energy and Industrial Strategy, what representations he has received from (a) employees of and (b) agencies connected with ARM Holdings plc on the takeover of that business; and if he will make a statement.
To ask the Secretary of State for Business, Energy and Industrial Strategy, what representations he has received from (a) employees of and (b) agencies connected with ARM Holdings plc on the takeover of that business; and if he will make a statement.
I have not received any such representations.
To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will take steps to ensure that ARM's headquarters remain in Cambridge.
To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will take steps to ensure that ARM's headquarters remain in Cambridge.
SoftBank has made a legally-binding undertaking to maintain ARM’s headquarters in Cambridge. The undertaking is enforceable by the Takeover Panel for five years.
To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the implications for the technological competitiveness of the UK of the proposed takeover of ARM Holdings by the Japanese company Softbank; and if he will make a statement.
To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the implications for the technological competitiveness of the UK of the proposed takeover of ARM Holdings by the Japanese company Softbank; and if he will make a statement.
The UK remains open for business and we welcome firms that want to invest in growth here. The UK’s technological innovations, skilled workforce and competitive business environment make it one of the world’s best destinations for investment.
ARM Holdings is a highly respected company who have achieved great things: working with the UK’s Takeover Panel, Softbank have published a set of clear and binding undertakings, including that ARM’s global headquarters would remain in Cambridge and that the UK workforce would at least double if the acquisition is finalised. This provides reassurance that ARM would continue to develop leading-edge technology in the UK as part of the UK technology industry.
To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the implications for the security of the UK of the proposed takeover of ARM Holdings by the Japanese company Softbank; and if he will make a statement.
To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the implications for the security of the UK of the proposed takeover of ARM Holdings by the Japanese company Softbank; and if he will make a statement.
I can confirm that the takeover of ARM as currently proposed does not undermine the UK’s national security.
To ask Mr Chancellor of the Exchequer, what discussions he has had with (a) ARM, (b) SoftBank and (c) representatives of those companies on SoftBank's takeover of ARM prior to that takeover being announced to the public.
To ask Mr Chancellor of the Exchequer, what discussions he has had with (a) ARM, (b) SoftBank and (c) representatives of those companies on SoftBank's takeover of ARM prior to that takeover being announced to the public.
In line with the practice of successive administrations details of ministerial discussions are not routinely disclosed.
To ask Mr Chancellor of the Exchequer, on what date he was made aware of the potential takeover of ARM by SoftBank.
To ask Mr Chancellor of the Exchequer, on what date he was made aware of the potential takeover of ARM by SoftBank.
In line with the practice of successive administrations details of ministerial discussions are not routinely disclosed.
To ask Her Majesty’s Government how they propose to enforce the commitments they have obtained from SoftBank in connection with employment and the location of the headquarters of ARM Holdings.
To ask Her Majesty’s Government how they propose to enforce the commitments they have obtained from SoftBank in connection with employment and the location of the headquarters of ARM Holdings.
The Takeover Panel is responsible for enforcing the post offer undertakings given by SoftBank under the terms of the Takeover Code. Grant Thornton LLP has been appointed as an independent supervisor under the Code to monitor compliance with the undertakings. The Takeover Panel can require SoftBank to submit written progress reports in such form and as frequently as it requires and can take disciplinary action if the undertakings are not fulfilled. The Department for Business, Energy and Industrial Strategy will continue to monitor developments.
To ask Her Majesty’s Government what powers they have to review the financial capacity of SoftBank to support ARM Holdings, and in particular whether they can require a further injection of capital into ARM Holdings before any takeover occurs.
To ask Her Majesty’s Government what powers they have to review the financial capacity of SoftBank to support ARM Holdings, and in particular whether they can require a further injection of capital into ARM Holdings before any takeover occurs.
It is for the parties to the proposed transaction to consider their relative positions in compliance with the Takeover Code. The board of the target company must take independent advice on the offer, and evaluate its effects on the company’s interests, before giving the board’s opinion to shareholders.
To ask Her Majesty’s Government whether they consulted experts in the field before publicly welcoming the acquisition of ARM Holdings by SoftBank, and whether they would similarly welcome a rival bid from an international private equity investor.
To ask Her Majesty’s Government whether they consulted experts in the field before publicly welcoming the acquisition of ARM Holdings by SoftBank, and whether they would similarly welcome a rival bid from an international private equity investor.
SoftBank has made it clear that it intends to invest in ARM, keep its HQ in the UK, and at least double the employee headcount in the UK. The Government welcomes this. No rival bids for ARM have so far been made.
To ask Her Majesty’s Government whether they have secured any commitments from SoftBank to avoid taking action through royalty payments or increased borrowing costs that would reduce or eliminate corporation tax payments made by ARM Holdings.
To ask Her Majesty’s Government whether they have secured any commitments from SoftBank to avoid taking action through royalty payments or increased borrowing costs that would reduce or eliminate corporation tax payments made by ARM Holdings.
The government is committed to ensuring that corporation tax applies to profits generated from UK activities. It has taken a number of steps at both a domestic and international level to achieve this, including recently announced measures to protect the UK tax base from the payment of interest and royalties to overseas companies.
The government is not able to comment on how these steps will apply to individual taxpayers.