InterDigital launches $200M modified Dutch auction tender offer at $60-$69/share

InterDigital, Inc.

Up to $200M of common stock to be repurchased via modified Dutch auction at $60-$69/share.
Closing price on Jan 20, 2023 was $62.92; maximum shares ~2.9M-3.3M (9.8%-11.2% of outstanding).
Tender offer expires Feb 17, 2023, unless extended; no minimum tender or financing conditions.
No directors or executive officers will tender shares in the offer.
Jefferies LLC is dealer manager; D.F. King & Co. is information agent.

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