Following delisting from the NYSE, Mobileye ordinary shares will not be listed or registered on another national securities exchange. Delisting is likely to reduce significantly the liquidity and marketability of any Mobileye ordinary shares that have not been tendered pursuant to the tender offer.
Media Conference Call
Intel and Mobileye management will hold a media conference call today at 7 a.m. PT (10 a.m. ET) to discuss the transaction. The live call can be found at http://intelandmobileye.transactionannouncement.com. The live call can also be accessed in the United States at 1-866-547-1509 and outside the United States at
+1-920-663-6208 with the passcode 63678747. A replay will also be available at http://intelandmobileye.transactionannouncement.com.
About Intel
Intel expands the boundaries of technology to make the most amazing experiences possible. Information about Intel can be found at newsroom.Intel.com and Intel.com.
About Mobileye
Mobileye N.V. is the global leader in the development of computer vision and machine learning, data analysis, localization and mapping for Advanced Driver Assistance Systems and autonomous driving. Mobileye’s technology keeps passengers safer on the roads, reduces the risks of traffic accidents, saves lives and has the potential to revolutionize the driving experience by enabling autonomous driving. Mobileye’s proprietary software algorithms and EyeQ® chips perform detailed interpretations of the visual field in order to anticipate possible collisions with other vehicles, pedestrians, cyclists, animals, debris and other obstacles. Mobileye’s products are also able to detect roadway markings such as lanes, road boundaries, barriers and similar items; identify and read traffic signs, directional signs and traffic lights; create a Roadbook™ of localized drivable paths and visual landmarks using REM™; and provide mapping for autonomous driving. Mobileye’s products are or will be integrated into car models from more than 25 global automakers. Mobileye’s products are also available in the aftermarket.
Additional Information and Where to Find It
This press release is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell any ordinary shares of Mobileye or any other securities. A tender offer statement on Schedule TO, including an offer to purchase, a letter of transmittal and related documents, has been filed with the SEC by Intel and one or more of its subsidiaries and a solicitation/recommendation statement on Schedule 14D-9, has been filed with the SEC by Mobileye. The offer to purchase all of the issued and outstanding ordinary shares of Mobileye will only be made pursuant to the offer to purchase, the letter of transmittal and related documents filed as a part of the tender offer statement on Schedule TO, in each case as amended from time to time. THE TENDER OFFER MATERIALS (INCLUDING AN OFFER TO PURCHASE, A RELATED LETTER OF TRANSMITTAL AND CERTAIN OTHER TENDER OFFER DOCUMENTS) AND THE SOLICITATION/RECOMMENDATION STATEMENT ON SCHEDULE 14D-9 CONTAIN IMPORTANT INFORMATION. INVESTORS AND SHAREHOLDERS OF MOBILEYE ARE URGED TO READ THESE DOCUMENTS CAREFULLY BECAUSE THEY CONTAIN IMPORTANT INFORMATION THAT SUCH HOLDERS SHOULD CONSIDER BEFORE MAKING ANY DECISION REGARDING TENDERING THEIR ORDINARY SHARES. Investors and security holders may obtain a free copy of these statements and other documents filed with the SEC at the website maintained by the SEC at www.sec.gov, at the transaction website ( http://intelandmobileye.transactionannouncement.com), or by directing such requests to D.F. King & Co., Inc., the information agent for the tender offer, toll free at (800) 966-9021 (for shareholders) or collect at (212) 269-5550 (for banks and brokers).
Forward-Looking Statements
This document contains forward-looking statements related to the
proposed transaction between Intel and Mobileye, including statements
regarding the benefits and the timing of the transaction as well as
statements regarding the companies’ products and markets. Words such as
“anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,”
“may,” “plan,” “project,” “predict,” “should,” “would” and “will” and
variations of such words and similar expressions are intended to
identify such forward-looking statements. Such statements are based on
management’s expectations as of the date they were first made and
involve risks and uncertainties that could cause our actual results to
differ materially from those expressed or implied in our forward-looking
statements. Such risks and uncertainties include, among others, the
uncertainty of regulatory approvals; risks and uncertainties related to
Mobileye’s delisting from the NYSE and suspension of Mobileye’s
reporting obligations under the Exchange Act; the ability of the parties
to consummate the transactions and their plans described in this press
release in the time expected or at all; the ability of Intel to
successfully integrate Mobileye’s business; the market for advanced
driving assistance systems and autonomous driving may develop more
slowly than expected or than it has in the past; evolving government
regulation of the advanced driving assistance systems and autonomous
driving markets; the risk that we are unable to commercially develop the
technologies acquired or achieve the anticipated benefits and synergies
of the transaction; the risk that we are unable to develop derivative
works from the technologies acquired; our ability to attract new or
maintain existing customer and supplier relationships at reasonable
cost; the failure to protect and enforce our intellectual property
rights; assertions or claims by third parties that we infringe their
intellectual property rights; the risk of technological developments and
innovations by others; the risk of potential losses related to any
product liability claims and litigation; the risk that the parties are
unable to retain and hire key personnel; unanticipated restructuring
costs may be incurred or undisclosed liabilities assumed; and other
risks detailed in Intel’s and Mobileye’s filings with the SEC, including
those discussed in Intel’s most recent Annual Report on Form 10-K and in
any subsequent periodic reports on Form 10-Q and Form 8-K and Mobileye’s
most recent Annual Report on Form 20-F and in any subsequent reports on
Form 6-K, each of which is on file or furnished with the SEC and
available at the SEC’s website at
www.sec.gov .
SEC filings for Intel are also available on Intel’s Investor Relations
website at
www.intc.com ,
and SEC filings for Mobileye are available in the Investor Relations
section of Mobileye’s website at ir.mobileye.com. Readers are cautioned
not to place undue reliance on these forward-looking statements, which
speak only as of their dates. Unless otherwise required by applicable
law, Intel and Mobileye undertake no obligation and do not intend to
update these forward-looking statements, whether as a result of new
information, future events or otherwise.