- RF Micro Devices (RFMD) and TriQuint Semiconductor (TQNT) will merge in an all-stock transaction.
- Under the terms of the deal, TriQuint shareholders will receive 1.675 shares of the new entity and RFMD shareholders will receive one share for each TriQuint or RFMD share held.
- The combined is expected to churn up $150M in cost synergies.
- Trading in both stocks is halted at the moment.
Merger of equals between RF Micro Devices and TriQuint Semiconductor
Feb 24 2014, 07:42 ET