Barrowed from Investor's Village
BOD plan started long before July 19, 2011....
http://ir.interdigital.com/releasedetail.cfm?ReleaseID=560288
March 28, 2011 BOD announces financing... Three months prior to Nortel Auction BOD sells convertible bonds... How many months did this transaction take from start to finish?
Plan had to start in 2010... they ran the share price from $34 to $58 with the help of the CAFC hearing and sold the bonds for an attractive long term cost of capital. And a hidden jem for Barclays in the Warrants... but only if the company sells for more than $76 per share. The warrant price plus the cost of the warrant...
IMA