Intel's Cyclops Extends Cash Tender Offer For Mobileye

(RTTNews) - 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.