News broke earlier today that Mobileye is to be acquired by Intel in the largest ever exit for an Israeli company. Intel is set to pay $15.3 billion for Mobileye, which represents a roughly 40% premium to Mobileye's market valueat the close of business on March 10.
Investors tracking the TA-BlueStar Israel Global Technology Index had an 11% allocation to Mobileye at the close on March
10, and can expect to see a nearly +4.5% impact in trading today.
Investors tracking the BlueStar Israel Global Index had a 5% allocation to Mobileye at the close on March
10, and can expect to see a nearly +2% impact in trading today.
The question is, what other amazing Israeli technology companies can BlueStar Indexes help investors discover and gain exposure to? What else is in BlueStar's
indexes that are missing from the local TASE indexes?