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The all-cash offer was unanimously backed by ARM
« on: April 12, 2018, 04:51:49 AM BST GMT »
SWAIDA cheap adidas superstar , Syria, June 16 (Xinhua) -- The Syrian army on Monday foiled a massive offensive launched by armed militants against a key Syrian airbase in the southern province of Swaida, a military source in the province told Xinhua.

Several militant groups, mainly the al-Qaida-linked Nusra Front, launched a wide-scale offensive against the Thaaleh airbase in the western countryside of the predominantly Druze province of Swaida on Monday, the second of such offensives since the same militants attempted to storm the facility on June 10 without a success adidas superstar sale , the source said.

He said the attack lasted for eight straight hours on Monday, adding that the Syrian air force intervened and pushed the militants around 1,800 meters away from the airbase.

The artillery also pounded the areas, from which the rebels unleashed their attack in the countryside of the nearby province of Daraa.

The Thaaleh airbase is located in a town under the same name, around 10 km west of Swaida and adjacent to towns under the rebel control in the eastern countryside of Daraa province.

The airbase and the town are considered the first defense line to Swaida, a province that has largely remained intact during Syria's long-running conflict.

The source said over 100 militants were killed during Monday's attack adidas superstar shoes , adding that six Syrian soldiers and an officer were killed during the militants' attack Monday.

A day earlier, a Syrian officer told Xinhua that the Syrian army was determined to eliminate the armed militants, who have been trying to storm Thaaleh.

The officer, who asked not to be named, said the June 10 attack by the rebels on the Thaaleh airbase was thwarted quickly by the Syrian army forces, who were aware of the attack by observing the movement of the rebels in the nearby towns in the adjacent countryside of Daraa province.

The officer said the militants are currently located in three Daraa towns near Thaaleh adidas superstar pink , namely the towns of Um Walad, al-Karak and Harak, which were captured by the rebels earlier this month.

"Al-Karak is seven or eight kilometers from Thaaleh. Um Walad is three or four kilometers while Harak is nine kilometers from Thaaleh," he stated.

"We have a plan to clean those areas from the terrorists as part of our bigger plan of fighting terrorism. We are also working to clear the towns near the Thaaleh airbase from the terrorists," he stressed.

The officer said that many of the Thaaleh residents offered to help the Syrian army in defending the airbase and their town against the extremist militants attack.

Meanwhile, the officer stressed that the Syrian army will defend Swaida adidas superstar white , as it's the case in any other Syrian province.

The Druze minority, along with other minority groups in Syria, has emerged as supporters of President Bashar al-Assad, fearing the expansion of radical jihadist groups that showed no tolerance of minority groups in Syria.

The residents of the Thaaleh have been on alert as the threats of the militants have inched closer to the western countryside of Swaida.

SoftBank plunged more than 10 percent Tuesday as investors gave the thumbs down to the Japanese mobile giant's whopping $32 billion purchase of British iPhone chip designer ARM Holdings (LSE: ARM.L - news) .

The sharp drop bucked an upward trend in the broader market after a public holiday, with the benchmark index rising for the sixth straight session.

SoftBank dropped 10.32 percent to 5,387 yen after the £24.3 billion ($32 billion) deal was announced Monday -- meaning it lost around $7 billion in market value.

The firm said it would offer £17 for each ARM share adidas superstar black , a premium of around 43 percent compared with Friday's closing price, sending ARM rocketing more than 40 percent in London.

The Japanese market was closed Monday.

But Softbank's stock took a pummelling at the open as the deal aggravated concerns about the Japanese firm's balance sheet after a string of earlier acquisitions -- including its 2013 purchase of still-unprofitable US mobile giant Sprint.

SoftBank has been selling off some assets, including gamemaker Supercell and trimming its investment in China e-commerce company Alibaba to raise cash.

But it had more than $100 billion in debt at the end of March.

"The ARM deal caused (the shares plunge), as the price was rather expensive which led to concerns over interest-bearing debt and a possible downgrading of SoftBank's credit rating," Hiroaki Hiwata, strategist at Toyo Securities adidas superstar gold , told AFP.

The all-cash offer was unanimously backed by ARM management, and British Prime Minister Theresa May declared that the record Asian investment proved "Britain is open for business", just weeks after the country voted to leave the European Union.

ARM develops and licenses technology central to digital electronic devices, including those made for Apple (NasdaqGS: AAPL - news) and South Korea's Samsung.

- 'Highly (Shanghai: 600619.SS - news) inconsistent' -

Analysts said a sharp plunge in the pound, in particular against the dollar, since the referendum result is making British companies attractive for foreign groups.

Flamboyant SoftBank founder Masayoshi Son has led the firm on a string of acquisitions big and small adidas superstar silver , with many showing themselves to be ahead of their time, including the firm's early investment in Alibaba.

The company -- often described as China's equivalent to eBay -- dominates online commerce in the country.

But SoftBank's ARM deal left some analysts scratching their heads, as it lay well outside its previous investments.

"This is not internet, this is not e-commerce, this is more on the chip design licensing which is completely divergent from (SoftBank's previous deals) so it is highly inconsistent with was it has done so far," Atul Goyal adidas superstar , senior equities analyst at Jefferies, told Bloomberg TV.

"Masayoshi Son is someone who has mad.