In a Surprise Move, Mobileye to be Acquired by Intel, Fair Value Estimate Raised to $63.54 From $55
In a surprising announcement, narrow-moat rated Mobileye, designer and developer of system-on-chip advanced driver assist and autonomous driving technology, has entered into an agreement whereby the company would be acquired by Intel Corp. for $63.54 per share of Mobileye stock. This represents a 16% premium to our $55 fair value estimate. The acquisition price places a 34% premium on the pre-announcement Mobileye stock price, valuing the equity at $15.3 billion, and resulting in a $14.7 billion...
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