Do you see how smart the Israelis are? They get Intel to get the ball rolling with the acquisition, and get Intel to spend time / resources on due diligence, then begin shopping around for an even better Buyer at at least a 10% premium. This clause that was left in the deal (Molibeye can accept a superior offer if it is 10% higher or more) is brilliant. I also reduces Mobileye's need to negotiate with a new Buyer (i.e. Google, Apple or Uber...). We will see what happens but it surely shows that the Israeli's are sharp and much smarter than BK the idiot and the Intel Board, full of has-been professors and lawyers.
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You all saying BK and Intel are fools.
I thought slowing down Moores Law and stopping Tick Tock so others like ARMy and TSMC and Samsung was brilliance to spend money on more strategic things like Infineon, Altera, and Cars.
You telling me BK was stupid and should have focused on Inte strength and leadership instead
😂😂😂😂😂😂😂😂😂😂😂😂
"No other company has the same cash reserves and stupidity (both) ". Good one. Apple and Google have the cash. Uber and Tesla could easily get some if needed.
A fool and his money are soon parted
Possible but Unlikely
http://seekingalpha.com/symbol/MBLY
OP: This is a long document, but I can't find that clause in the SEC filing - can you help point it out?
https://www.sec.gov/Archives/edgar/data/50863/000119312517080544/d344928dex21.htm
Actually not. No other company has the same cash reserves and stupidity (both) at the same time to pay such a steep price for a technology that is yet to prove itself amidst stiff competition. BK did this with high confidence that it is impossible to outbid him.