Bidders Which Previously Backed Away from Bargaining Table May Now Be Taking Another Look at InterDigital (IDCC) -DealReporter

October 11, 2011 2:32 PM EDT
Traders attributing move higher in InterDigital (Nasdaq: IDCC) shares to a DealReporter headline which suggests bidders which previously backed out of making an offering for the company may now be reconsidering.

The source commenting to DealReporter has said Intel may be a "driving force" behind a plan to form a consortium which would bid for InterDigital.

Although off session highs, InterDigital shares are still up 3.9 percent to around $50.63.

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