InterDigital Announces Conversion Rate Adjustment to 1.50% Senior Convertible Notes Due 2020
June 21 2017 - 5:14PM
InterDigital, Inc. (NASDAQ:IDCC) (the “Company”) announced today an
adjustment to the conversion rate applicable to its 1.50% Senior
Convertible Notes due 2020 (the “Notes”). In connection with
the cash dividends previously announced by the Company and paid on
October 26, 2016, January 25, 2017 and April 26, 2017, the
conversion rate for the Notes has been increased to 13.8664 shares
of the Company’s common stock per $1,000 principal amount of Notes.
About InterDigitalInterDigital develops mobile
technologies that are at the core of devices, networks, and
services worldwide. We solve many of the industry's most critical
and complex technical challenges, inventing solutions for more
efficient broadband networks and a richer multimedia experience
years ahead of market deployment. InterDigital has licenses and
strategic relationships with many of the world's leading wireless
companies. Founded in 1972, InterDigital is listed on NASDAQ and is
included in the S&P MidCap 400® index.
InterDigital is a registered trademark of InterDigital, Inc.
For more information, visit: www.interdigital.com.
Contact:
Patrick Van de Wille
Email: patrick.vandewille@interdigital.com
+1 (858) 210-4814
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