RF Micro Devices Inc of Greensboro, NC, USA and fellow RF front-end component maker TriQuint Semiconductor Inc of Hillsboro, OR, USA say that they have received all necessary shareholder and regulatory approvals to move forward with their merger (announced in February) and have set 31 December as the anticipated closing date for the transaction.
Trading in the common stock of the new combined company Qorvo Inc is expected to commence on the NASDAQ Global Select Market on 2 January 2015 under the stock ticker symbol ‘QRVO’.
TriQuint shareholders will receive 1.675 shares of Qorvo and RFMD shareholders will receive 1 share of Qorvo for each TriQuint or RFMD share held. At the closing of the transaction, the firm will execute a one-for-four reverse stock split.
