| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers I > Headlines for InterDigital, Inc. > News item |
InterDigital increases conversion rate for 1.5% convertibles due 2020
By Angela McDaniels
Tacoma, Wash., March 5 – InterDigital, Inc. increased the conversion rate for its 1.5% senior convertible notes due 2020 to 14.0506 shares of common stock per $1,000 principal amount of notes, according to a company news release.
The new conversion rate corresponds to a conversion price of $71.17 per share. The company’s stock closed at $68.97 (Nasdaq: IDCC) on Tuesday.
The conversion rate was increased in connection with the cash dividends paid on May 1, 2018, July 25, 2018, Oct. 24 and Jan. 23.
Wilmington, Del.-based InterDigital is a mobile technology research and development company.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.