SoftBank's (SFTBY) decision to acquire ARM Holdings (ARMH) is 'breathtaking' along the lines of the LinkedIn takeout by Microsoft earlier this year, and it will ignite the semiconductor sector, says TheStreet's Jim Cramer. ARM Holdings surged over 40 percent Monday after agreeing to a buyout from SoftBank. Japan's SoftBank offered a deal worth more than 24.3 billion pounds, or $32.1 billion, roughly a 43 percent premium to ARM's Friday close. The acquisition is the biggest in the UK since AB InBev (BUD) and SABMiller's deal last November.
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