Shareholders of RF Micro Devices Approved Merger Agreement with TriQuint

RF Micro Devices Incorporated’s shareholders (RFMD: Quote) stated last Friday that an approved merger agreement is reached. The merger agreement aims to achieve a new partnership with TriQuint Semiconductor Incorporated (TQNT: Quote). The company’s shareholders also approved as a whole further compensation arrangements that is aimed for specific RFMD executive officers that are connected with the said transaction. Analysts foresee this merger a good move for both companies. They also added that the merger will increase performance levels of both companies if proper planning and action is implemented.

TriQuint Semiconductor Incorporated stockholders are also scheduled to place in their vote that would greatly affect the agreement and approval of the merger. Aside from discussing the approved merger agreement, other concerns and matters will be discussed at the said special meeting that will be held soon. RF Micro Devices Incorporated and TriQuint Semiconductor Incorporated are anticipating the final closing of the said merger transaction to occur in 2014’s second half. This of course highly depends on the regulator’s approval and other related customary closing conditions.

Last February, RF Micro Devices Incorporated and TriQuint Semiconductor Incorporated both agreed to basically merge companies through an all-stock deal. TriQuint Semiconductor Incorporated shareholders are going to receive a total of 1.675 shares when the company finally merges, while RF Micro Devices Incorporated shareholders would relatively get 1 share of the merged company. Many analysts estimate good overall growth for both RF Micro Devices Incorporated and TriQuint Semiconductor Incorporated when the approved merger agreement is implemented.