LONDON Shares in processor intellectual property licensor ARM Holdings plc spiked on Thursday taking the stock up above 300 pence a share from an opening price of 273.4 pence.
ARM was the biggest FTSE100 riser on the London Stock Exchange throughout most of Thursday and at one point reached a high of 362p, a jump of 32 percent on the day. A resurfacing of a rumor of a bid from Apple Inc. was said to be behind the jump, according to a Reuters report.
The spike follows one in April, then triggered by comments in the London Evening Standard that Apple Inc. might attempt to a takeover of ARM. At the time the possibility was almost universally regarded as being without basis and directors of ARM explained why it did not figure in their thinking at various times.
Imagination Technologies Group plc (Kings Langley, England) also did will on Thursday seeing its share price rise to 272 pence from an opening price of 234.3, up 16 percent on the day.
Both companies are being boosted by their association with the Apple iPad.