Brief: Technicolor Receives A Binding Offer For Its Research & Innovation Activity From Interdigital

Vantiva SA

11/02/2019 06:40

Feb 11 (Reuters) - TECHNICOLOR SA  TCH.PA :
    * TECHNICOLOR: TECHNICOLOR HAS RECEIVED A BINDING OFFER FOR
ITS
RESEARCH & INNOVATION ACTIVITY FROM INTERDIGITAL
    * WITH THE ACQUISITION, TECHNICOLOR WILL MATERIALLY REDUCE
ITS
COSTS (C. (EUR 21) MILLION OF ADJUSTED EBITDA ON 2017 COST
BASIS) STARTING IN 2020
    * WITH INTERDIGITAL'S ACQUISITION OF TECHNICOLOR'S R&I
ACTIVITY,
TECHNICOLOR WILL MATERIALLY REDUCE ITS COSTS (C. (EUR 21)
MILLION OF ADJUSTED EBITDA ON 2017 COST BASIS) STARTING IN 2020
    * TECHNICOLOR'S FUTURE CASH RECEIPTS WOULD BE REDUCED BY 50%
COMPARED TO PREVIOUS NET PRESENT VALUE ESTIMATION
    * TECHNICOLOR'S RIGHT TO RECEIVE 42,5% (BEYOND OPERATING
EXPENSES)
OF FUTURE ROYALTIES FROM INTERDIGITAL'S LICENSING ACTIVITIES IN
CONSUMER ELECTRONICS FIELD WOULD ALSO BE AMENDED

Source text for Eikon:  ID:nGNEjWrbF 
Further company coverage:  TCH.PA ;  IDCC.O 

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