other material
confidence high
sentiment positive
materiality 0.65
InterDigital announces preliminary tender offer results: to buy 2.74M shares at $73.00 for $200M
InterDigital, Inc.
- Company expects to purchase 2,739,726 shares at $73.00 per share, aggregate cost ~$200M.
- Shares represent ~9.2% of outstanding shares as of Feb 17, 2023; proration factor ~95.07%.
- Tender offer expired Feb 17, 2023; price range was $65.25-$75.00, final price $73.00.
- CEO Liren Chen states company remains well-positioned to continue returning capital with $200M remaining under repurchase authorization.
- Preliminary results subject to confirmation by depositary; final results to be announced after guaranteed delivery period.