Plus   Neg

Intel's Cyclops Extends Cash Tender Offer For Mobileye

Intel Corp. (INTC) Monday announced that its wholly owned subsidiary Cyclops Holdings, LLC has extended the offering period of its previously announced all cash tender offer to all outstanding ordinary shares of Mobileye N.V. (MBLY).

The tender offer is now scheduled to expire at 5:00 p.m., New York City time, on August 11. The transaction is currently expected to close during the third quarter of 2017.

As on July 28, the previously scheduled expiration time, 175,088,921 Mobileye ordinary shares representing approximately 78.63 percent of the outstanding Mobileye ordinary shares, had been validly tendered.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Canadian restaurant chain Tim Hortons woes seem to be only mounting. However, most of the company's troubles seem to be self-inflicted amid a public feud with its aggrieved franchisees, alleged deterioration in food quality, and falling share prices. Tim Hortons was acquired by Brazilian private equity firm 3G Capital for $12.5 billion in 2014. An unruly passenger was tasered, arrested and forcibly removed from an American Airlines flight on Sunday evening after he allegedly touched a female passenger inappropriately. Prior to takeoff, the boyfriend of the female passenger on the plane contacted authorities after the unruly passenger, Jacob Garcia, began touching her. Garcia was subsequently arrested by the police. Swiss banking giant UBS Group AG reported Monday higher profit in its first quarter with increased net interest income. The company said it has had an excellent start to 2018. However, UBS shares were trading around 3 percent lower in Switzerland. All of UBS's businesses are affected by economic growth expectations, interest rates, equity market levels and foreign exchange rates.
Follow RTT