- InterDigital ( NASDAQ: IDCC ) shares gained over 7% Monday morning after the mobile & video technologies developer initiated a tender offer to repurchase up to $200M of its common stock .
- Under the modified "Dutch auction" tender offer, the firm plans to purchase for cash up to $200M of its common stock at price per share ranging from $60-$69.
- If the offer is fully subscribed, the company will purchase between 2,898,550-3,333,333 shares, or between 9.8% and 11.2%, respectively, of the its outstanding stock.
- The offer will expire on Feb. 17, 2023.
For further details see:
InterDigital rises on offer to repurchase $200M of common stock