Investors applaud RF Micro Devices-TriQuint Semiconductor merger


Shares of RF Micro Devices (RFMD) shoot up 15.1% after coming off a trading halt tied to an announcement on the company's merger with TriQuint Semiconductor (TQNT).

The pop for TQNT is even more pronounced, +17.6% premarket.

RFMD-TQNT merger announcement

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  • fotonomad
    , contributor
    Comments (8) | Send Message
     
    It does seem that the TQNT - RFMD merger may be a good thing for both companies - but considering that neither company is currently net profitable (no P/E multiple), and Triquint in particular has a history of chronic mis-management, is a one-day 26% bump in TQNT's market cap really rational and proportional, or is it WAY overbought at this point? Interested in other opinions.
    24 Feb 2014, 08:39 PM Reply Like
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