InterDigital Inc (IDCC)

[The Count]

Tender offer and shareholder vote

If the buyout is done as a merger, a shareholder vote would usually be required. However, if it is structured as a tender offer, the shareholder vote requirement can be overcome.

As usual, ooddog is correct. However I want to make sure everyone understands that any sort of buyout would have to have shareholder approval. While a tender offer does not require a vote, shareholders must agree to tender their shares. So there is no way the company can be sold without the approval of the majority of the shareholders.