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Re: Interdigital Sale Structure

By: bulldzr2 in IDCC | Recommend this post (0)
Thu, 22 Sep 11 10:16 PM | 56 view(s)
Boardmark this board | InterDigital Communications
Msg. 42840 of 48237
(This msg. is a reply to 42821 by DCLARKE)

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Do you have a link describing the "Foster acquisition" and outlining this capital return to shareholders?

Miller was telling everybody on the other board that this has never happened. I am not sure it will happen in our case either, but it would be nice to prove that know it all wrong.

Has anybody brought this up on the iHub board?


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The above is a reply to the following message:
Interdigital Sale Structure
By: DCLARKE
in IDCC
Thu, 22 Sep 11 8:19 PM
Msg. 42821 of 48237

Not sure if anyone noticed but in the Fosters acquisition, Fosters is returning capital to shareholders which amounts to about $844m if my math is correct or about 8.3% ($.30 special dividend and $.135 regular dividend). I believe evercore setup the process for bids to ignore the cash balance as it will be handled prior to closing as did Fosters. IMO, the board is continuing the dividend and will announce a "capital return" of about $14 per share when the deal is announced. Thoughts?

Dclarke


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