Tuesday, February 25, 2014

TriQuint, RF Micro In Merger Deal

Hillsboro, Oregon-based RF semiconductor maker TriQuint Semiconductor and fellow RF semiconductor company RF Micro Devices said Monday that the two are in an all-stock merger deal. According to the two, the new company will give the shareholders of each companies approximately 50 percent of the company post-merger, creating a company with a combined revenue of more than $2 billion. Both companies design radio frequency (RF) chips for the mobile, network, and aerospace/defense markets. RFMD was advised by BofA Merrill Lynch, as well as Weil, Gotshal & Manges LLP and Womble Carlyle Sandridge & Rice, LLP on the deal. TriQuint was advised by Goldman Sachs and Perkins Coie.