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BRIEF-Tessera unit enters into settlement agreement with St.Paul Mercury

Sept 16 Tessera Technologies Inc :

* Pursuant to settlement with St.Paul, Tessera will receive $5.0 million in q3 of 2016

* On Sept. 14, its unit entered into settlement agreement with st. Paul mercury insurance co for insurance coverage litigation

* Settlement amount will be reflected as an offset of expenses in company's third-quarter GAAP financial results Source text - bit.ly/2cPvSo3 Further company coverage:

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