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SoftBank Spurs Post-Brexit U.K. M&A Hopes With ARM Bid

Well before the dust has settled on the U.K's vote to leave the European Union, an overseas acquirer has come calling at the door of ARM Holdings (ARMH) , a Cambridge, England-based chip designer and key supplier of Apple Inc (AAPL) .

SoftBank (SFTBF) , the Japanese suitor of ARM, has, with its £24.3 billion ($32.1 billion) bid, made by far the largest move on an U.K. company since the referendum but it's unlikely to be the last.

If successful...