ARM Holdings Soaring On Takeover Rumors

ARM Holdings ARHM shares are soaring today, gaining more than 8% on rumors the company could potentially be acquired. It was mentioned earlier that either Intel INTC or Apple AAPL could potentially be an acquirer of the British technology company. At last check, shares of ARMH were up $2.15 to $26.19, a gain of 8.94%‎ on 6.6 million shares. ARM Holdings plc and its subsidiaries design microprocessors, physical IP, and related technology and software, as well as sells development tools to enhance the performance of high-volume embedded applications.