RF Micro buys Triquint
RF Micro Devices is taking over TriQuint Semiconductor in an all-stock merger.
RFMD Bob Bruggeworth becomes CEO with Triquint CEO Ralph Quinsey becoming non-executive chairman.
The combined company should have revenues of over $2 billion.
The takeover combines complementary products: power amplifiers (PAs), power management integrated circuits (PMICs), antenna control solutions, switch-based products and premium filters.
$150 million of ‘cost savings’ over two years have been identified.
The deal values Triquint at $9.23 per share or a total of $1.67 billion.Tags: Bob Bruggeworth, Ralph Quinsey, RF Micro, Triquint RF Micro Devices, TriQuint Semiconductor