InterDigital Completes $200 Million Equity Tender Offer

InterDigital, Inc., a global developer of mobile and video technologies that are at the core of devices, networks and services worldwide, successfully completed its modified "Dutch auction" tender offer for $200 million of the company's common stock. The company purchased 9.2% of its outstanding shares in the offer, which was significantly oversubscribed, resulting in a per-share purchase price well below the upper-bound of the price range. Jefferies LLC acted as dealer manager in the offer.

The Paul, Weiss team included corporate partners David Huntington and Manuel Frey, tax partner Lindsay Parks, and executive compensation partner Lawrence Witdorchic.