WILMINGTON, Del., July 06, 2015 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC) announced today an adjustment to the conversion rate applicable to its 2.50% Senior Convertible Notes due 2016 (the “2016 Notes”). In connection with the Company’s third quarter 2015 regular dividend of $0.20 per share, the conversion rate for the 2016 Notes increased to 18.1426 shares of common stock per $1,000 principal amount effective July 6, 2015, the ex-dividend date for the regular quarterly dividend.
InterDigital develops technologies that are at the core of mobile devices, networks, and services worldwide. We solve many of the industry's most critical and complex technical challenges, inventing solutions for more efficient broadband networks and a richer multimedia experience years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world's leading wireless companies. Founded in 1972, InterDigital is listed on NASDAQ and is included in the S&P MidCap 400® index.
InterDigital is a registered trademark of InterDigital, Inc.
For more information, visit: www.interdigital.com.
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