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InterDigital slides after pricing convertible offering

Mar. 06, 2015 12:13 PM ETInterDigital, Inc. (IDCC) StockBy: Eric Jhonsa, SA News Editor
  • InterDigital's (NASDAQ:IDCC -2%) $275M offering of senior convertible notes due 2020 features an interest rate of 1.5% and an initial conversion price of $72.37 - 38% above current levels.
  • Shares are down 5% since the offering was first announced on Wednesday afternoon.

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