Odd Lot Index

InterDigital, Inc. IDCC

No odd-lot preference

Read automatically from the filing
This offer mentions odd lots only to say they get no special treatment. Odd-lot tenders are prorated like everyone else's.
StatusClosed
Closing date2023-02-17
How it is priced—
Odd-lot thresholdFewer than 100 shares
Must tender everything you holdNot stated
Must tick the odd-lot box on the formNot stated
Price offeredUSD $60.00 to $69.00 per share, in steps of $0.25
Most an odd-lot tender could be$5,940.00 to $6,831.00

Where each of these comes from

Every line above was read out of the filing. Here is the wording it was read from, so you can check it.

election_required = True...s, will I be subject to proration? If you own, beneficially or of record, fewer than an aggregate of 100 shares, you properly tender all of such shares at or below the Purchase Price prior to the Expiration Date (and do not properly withdraw such shares), you complete the section entitled “Odd Lots” in the Letter of Transmittal and, if applicable, in the Notice of Guaranteed Delivery, and all conditions to the tender offer are satisfied or waived, we will purchase all of your shares without subjecting them to proration. See Section 1. Can I change my mind after I have tendered shares in the tender offer, but before the Expiration Date? Yes. You may withdraw any...
expiry = 2023-02-17...200,000,000 of its Common Stock At a Purchase Price Not Less Than $60.00 Per Share and Not More Than $69.00 Per Share CUSIP: 45867G101 ​ ​ The tender offer, the proration period and withdrawal rights expire at 11:59 p.m., New York City time, on February 17, 2023, unless the tender offer is extended or terminated. ​ ​ InterDigital, Inc., a Pennsylvania corporation (“InterDigital,” the “Company,” “we,” “us,” or “our”), hereby offers to purchase for cash up to $200,000,000 of shares of its issued and...
expiry = 2023-02-17..., INC. of Up to $200,000,000 of its Common Stock At a Purchase Price Not Less Than $65.25 Per Share and Not More Than $75.00 Per Share ​ ​ The tender offer, the proration period and withdrawal rights expire at 11:59 p.m., New York City time, on February 17, 2023, unless the tender offer is extended or terminated. ​ ​ Mail or deliver this Amended Letter of Transmittal, together with any certificate(s) representing your shares, to: American Stock Transfer & Trust Company, LLC If delivering by mail o...
listed = True...m us and transmitting payment to the tendering stockholders. See Section 5. The tender offer is not conditioned on any minimum number of shares being tendered. The tender offer is, however, subject to other conditions. See Section 7. Our shares are listed and traded on the Nasdaq Global Select Market (“Nasdaq”) under the trading symbol “IDCC.” On January 20, 2023, the last reported sale price of the shares on the Nasdaq was $62.92 per share, which is above the $60.00 per share lower end of the price range for the tender offer. Accordingly, an election to accept the Purchase Price determined in the tender offer or a tender of shares at a price...
listed = True...Price and could result in your shares being purchased at $65.25 per share, which is the low end of the price range in the tender offer, less any applicable withholding taxes and without interest. The low end of the price range in the tender offer is below the last reported sale price of the shares on the Nasdaq on February 3, 2023, the last full trading day prior to the amendment of the tender offer, which was $71.29 per share. Accordingly, an election to accept the Purchase Price determined in the tender offer may lower the Purchase Price to a price below such closing price and could be below the reported closing price on the Expiration Date....
mechanism = DUTCH...to Purchase where you will find a more complete discussion. Who is offering to purchase my shares? InterDigital, Inc. is offering to purchase your shares. See Section 1. What will be the Purchase Price for the shares? We are conducting an offer by means of a modified “Dutch auction.” We are offering to purchase up to $200,000,000 of shares, upon the terms and subject to the conditions described in this Offer to Purchase and the related Letter of Transmittal or the separate instructions that will be sent to plan participants by or on behalf of the trustee with respect to shares held in the 401(k) Plan, at a Purchase...
must_tender_all = True...the maximum price at which such shares were properly tendered, have been properly tendered and not properly withdrawn prior to the Expiration Date, we will purchase shares: • first, from all stockholders of “odd lots” ​(persons who own fewer than 100 shares) who properly tender all of their shares at or below the Purchase Price and do not properly withdraw them prior to the Expiration Date; ​ • second, subject to the conditional tender provisions described in Section 6, on a pro rata basis, with appropriate adjustment to avoid purchases of fractional shares, from all other stockholders who properly tender shares at or below the Pu...
no_priority = True...Section 13) may be subject to U.S. federal withholding tax at a rate of 30% on the gross proceeds paid pursuant to the tender offer. See Section 3 and Section 13. 24 TABLE OF CONTENTS​​ 6. Conditional Tender of Shares ​ Subject to the exception for holders of odd lots, in the event of an oversubscription of the tender offer, shares tendered prior to the Expiration Date will be subject to proration. See Section 1. As discussed in Section 13, the number of shares to be purchased from a particular stockholder may affect the U.S. federal income tax treatment of the purchase to the stockholder and the stockholder’s decision whether to tender. Accordingly, a stockholder may tender shares subject to the condition that a specified minimum...
no_priority = True...before the Expiration Date, the shares purchased first will consist of all shares tendered by any stockholder who owns, beneficially or of record, an aggregate of fewer than 100 shares and who tenders all of such shares. Even if you otherwise qualify for the “odd lot” preferential treatment, you will not receive such preferential treatment unless you complete the box captioned “Odd Lots” in this Letter of Transmittal and, if applicable, in the Amended Notice of Guaranteed Delivery. 8 ​ 7. Signatures on Letter of Transmittal; Stock Powers and Endorsements. (a) Exact Signatures. If this Letter of Transmittal is signed by the registered holder(s) of the shares tende...
price = USD 60.0-69.0...sctoi_DIV_01-exai - none - 5.5937764s TABLE OF CONTENTS Exhibit (a)(1)(i)​ INTERDIGITAL, INC. Offer to Purchase for Cash Up to $200,000,000 of its Common Stock At a Purchase Price Not Less Than $60.00 Per Share and Not More Than $69.00 Per Share CUSIP: 45867G101 ​ ​ The tender offer, the proration period and withdrawal rights expire at 11:59 p.m., New York City time, on February 17, 2023, unless the tender offer is extended or terminated. ​ ​ InterDig...
price = USD 65.25-75.0...Purchase Dated January 23, 2023 and the Supplement to Offer to Purchase Dated February 6, 2023 by INTERDIGITAL, INC. of Up to $200,000,000 of its Common Stock At a Purchase Price Not Less Than $65.25 Per Share and Not More Than $75.00 Per Share ​ ​ The tender offer, the proration period and withdrawal rights expire at 11:59 p.m., New York City time, on February 17, 2023, unless the tender offer is extended or terminated. ​ ​ Mail or deliver this Amen...
priority_conflicting = True...and shares having an aggregate purchase price in excess of $200,000,000, measured at the maximum price at which such shares were properly tendered, have been properly tendered and not properly withdrawn prior to the Expiration Date, we will purchase shares: • first, from all stockholders of “odd lots” ​(persons who own fewer than 100 shares) who properly tender all of their shares at or below the Purchase Price and do not properly withdraw them prior to the Expiration Date; ​ • second, subject to the conditional tender provisions described in Section 6, on a pro rata basis, with appropriate adjustment to avoid purchases of fractional shares, from all other stockholde...
threshold = 100...rchase price in excess of $200,000,000, measured at the maximum price at which such shares were properly tendered, have been properly tendered and not properly withdrawn prior to the Expiration Date, we will purchase shares: • first, from all stockholders of “odd lots” ​(persons who own fewer than 100 shares) who properly tender all of their shares at or below the Purchase Price and do not properly withdraw them prior to the Expiration Date; ​ • second, subject to the conditional tender provisions described in Section 6, on a pro rata basis, with appropriate adjustment to avoid purchases of fractional shares, from all other stockholders who...
threshold = 100...REFULLY ​ ​ ​ ​ ODD LOTS (See Instruction 6) ​ ​ ​ ​ To be completed only if shares are being tendered by or on behalf of a person owning, beneficially or of record, an aggregate of fewer than 100 shares. The undersigned: ​ ​ ​ ​ ☐ is the beneficial or record owner of an aggregate of fewer than 100 shares, all of which are being tendered. ​ ​ ​ ​ ​ CONDITIONAL TENDER (See Instruction 14) ​ ​ ​ ​ A tendering stockholder may condition his, her or its tender of shares upon the Company purchasing a specified minimum number of the shares tendered, all as described in Section 6 of the Offer to Purchase. Unless at least the minimum number of sha...
txn_type = TENDER_OFFEREX-99.(A)(1)(I) 2 tm233479d1_ex99-a1i.htm EXHIBIT 99.(A)(1)(I) tm233479-1_sctoi_DIV_01-exai - none - 5.5937764s TABLE OF CONTENTS Exhibit (a)(1)(i)​ INTERDIGITAL, INC. Offer to Purchase for Cash Up to $200,000,000 of its Common Stock At a Purchase Price Not Less Than $60.00 Per Share and Not More Than $69.00 Per Share CUSIP: 45867G101 ​ ​ The tender offer, the proration period and withdrawal rights expire at 11:59 p.m., New York City time, on February 17, 2023, unless the tender offer is extended or terminated. ​ ​ Inte...
txn_type = TENDER_OFFEREX-99.(A)(1)(X) 3 tm233479d12_ex99-a1x.htm EXHIBIT (A)(1)(X) tm233479-12_sctoia_DIV_03-exa1x - block - 2.562505s ​ Exhibit (a)(1)(x)​ AMENDED LETTER OF TRANSMITTAL To Tender Shares of Common Stock Pursuant to the Offer to Purchase Dated January 23, 2023 and the Supplement to Offer to Purchase Dated February 6, 2023 by INTERDIGITAL, INC. of Up to $200,000,000 of its Common Stock At a Purchase Price Not Less Than $65.25 Per Share and Not More Than $75.00 Per Share ​ ​ The tender offer, the proration period and withdrawal rights expire at 11:59 p.m., New York City ti...

The filings

FiledFormRoleOn EDGAR
2023-01-23SC TO-IoriginalView
2023-02-06SC TO-I/Aamendment (governing)View