Deal Snapshot
ISRAEL TAX AUTHORITY ISSUES ´ACCEPTABLE´ RULING ON MOBILEYE ASSET SALE
Monday 17 July 2017

The Israel Tax Authority has issued an acceptable tax ruling with respect to the tax treatment of the potential asset sale, liquidation and second step distribution contemplated in connection with the all cash tender offer to purchase all of the outstanding ordinary shares of Israeli driver assistance technology specialist Mobileye N.V. by US-based chipmaker Intel Corp. (NASDAQ: INTC), Intel said.
The tender offer is being made pursuant to a purchase agreement, dated as of 12 March 12, by and among Intel, Cyclops Holdings, Inc., a wholly owned subsidiary of Intel that was later converted to Cyclops Holdings, LLC, and Mobileye. Cyclops filed a tender offer statement on Schedule TO with the US Securities and Exchange Commission on 5 April 2017.


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Details
Date Published: 17/07/2017
Target: Mobileye N.V.
Country: USA
Deal Size: 14.7bn (USD)
Sector: Motor Vehicles
Type: Corporate acquisition
Financing: Cash
Status: Agreed
Vendor:
Buyer: Intel Corp
Buyer Advisor: Citi , Skadden, Arps, Slate, Meagher and Flom
Comment:


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