Merger of equals between RF Micro Devices and TriQuint Semiconductor

|By:, SA News Editor

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.