InterDigital raises price range for $200M buyback tender offer

InterDigital announced that it is amending its previously announced modified "Dutch auction" tender offer to purchase for cash up to $200M of its common stock. The Tender Offer was originally set at a price per share not less than $60.00 and not greater than $69.00, less any applicable withholding taxes and without interest. As amended, the Tender Offer is now set at a price per share not less than $65.25 and not greater than $75.00, less any applicable withholding taxes and without interest. On February 3, 2023, the last full trading day before the amendment of the Tender Offer, the closing price of the Common Stock was $71.29 per share. The Tender Offer will expire at 11:59 p.m., New York City time, on February 17, 2023, unless extended or terminated.