Mobileye Founders Passed Insider Info on Intel Deal
Could the deal of the lifetime for Mobileye’s founders cost them a criminal indictment for insider trading?
Could the deal of the lifetime for Mobileye’s founders cost them a criminal indictment for insider trading?
An Israeli professor has agreed to pay more than $850,000 to settle U.S. claims he engaged in insider trading in Jerusalem-based Mobileye NV (MBLY.N), a maker of sensors and cameras for self-driving vehicles, ahead of its $15.3 billion takeover by Intel Corp (INTC.O).
NEW YORK – Two Israeli residents have been charged by the U.S. Securities and Exchange Commission with insider trading in Mobileye NV before the maker of sensors and cameras for driverless vehicles agreed to be acquired by Intel Corp for $15.3 billion.