RF Micro, TriQuint Merger To Close On Dec. 31

(RTTNews) - RF Micro Devices, Inc. (RFMD) and TriQuint Semiconductor, Inc. (TQNT) said Monday that they have received all necessary shareholder and regulatory approvals to move forward with their previously announced merger of equals and have set December 31, 2014, as the anticipated closing date for the deal.

Trading in the common stock of the new combined company, Qorvo, Inc., is expected to commence on the NASDAQ Global Select Market on January 2, 2015, under the stock ticker symbol "QRVO."

TriQuint shareholders will receive 1.675 shares of Qorvo and RFMD shareholders will receive 1 share of Qorvo for each TriQuint or RFMD share held. At the closing of the deal, the company will execute a one-for-four reverse stock split.