WILMINGTON, Del., February 6, 2023 (GLOBE NEWSWIRE) — InterDigital, Inc. IDCC(“InterDigital” or the “Company”) announced today that it is amending its previously announced modified “Dutch Auction” tender offer (the “Tender Offer”) to tender for up to $200 million of its common shares (the “Tender Offer”) for cash “Common Stock Offer”). The tender offer was originally set at a price per share of not less than $60.00 and not more than $69.00, net of any withholding taxes and excluding interest. As amended, the tender offer now fixed at a price per share of no less than $65.25 and no more than $75.00, net of any withholding taxes and excluding interest On February 3, 2023, the last full day of trading prior to the amendment of the tender offer, the closing price of the common shares was 71, $29 per share The tender offer expires on February 17, 2023 at 11:59 p.m. New York City time, unless extended or terminated.

Since the price range of the tender offer has been increased as described above, shareholders who have already tendered common shares and have indicated that they would be willing to sell their tendered shares to the company at the final purchase price offered by the company pursuant to the offer or their Offer is within the changed price range for the purchase and who do not wish to change their offer do not need to take any further action. All prior bids by stockholders who have not expressed a willingness to sell their common stock at the final purchase price set forth in the tender offer and whose bid is not within the revised price range for the purchase have been voided. Therefore, such shareholders and any other shareholders wishing to tender their shares in the tender offer or to change the number of shares or the price at which they wish to tender such shares in the tender offer must submit an amended letter of transmittal to the tender offer depositary on or before the expiration date.

If the tender…