Rochester,NY 8/19/2009 9:42:45 PM
QUALCOMM Inc. QCOM To Get Shares Via Debt-To-Stock Conversion
Qualcomm Inc.
U.S.-based chip maker Qualcomm Inc. (QCOM) will get less than 15% of South Korea's third-largest handset maker Pantech Co.'s shares via a debt-to-stock conversion, the Korean firm said Tuesday.
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The Korean handset maker said in a regulatory filing that the company will pay $76.3 million via a debt-to-stock conversion to Qualcomm to settle unpaid royalties.
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