The Latest in IT Security

Chipmaker RF Micro to buy TriQuint for $1.6 billion in stock

24
Feb
2014

(Reuters) – Radio frequency chipmaker RF Micro Devices Inc will buy peer TriQuint Semiconductor Inc for about $1.6 billion in an all-stock deal to create a company that could better compete in selling chips to mobile-handset makers. TriQuint’s shares jumped 29 percent in premarket trading to $11.9, above the implied offer price of $9.73. RF Micro’s stock rose 17 percent before the bell. TriQuint shareholders will receive 1.675 shares of the new combined company for every share held and RF Micro shareholders will receive 1 share of the new entity, the two companies said in a joint statement.

Comments are closed.

Categories

FRIDAY, MARCH 29, 2024
WHITE PAPERS

Mission-Critical Broadband – Why Governments Should Partner with Commercial Operators:
Many governments embrace mobile network operator (MNO) networks as ...

ARA at Scale: How to Choose a Solution That Grows With Your Needs:
Application release automation (ARA) tools enable best practices in...

The Multi-Model Database:
Part of the “new normal” where data and cloud applications are ...

Featured

Archives

Latest Comments