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8 September 2014

TriQuint shareholders approve merger with RFMD

RF front-end component maker TriQuint Semiconductor Inc of Hillsboro, OR, USA has announced the preliminary results of its special meeting of shareholders held on 5 September to approve its agreement and plan of merger and reorganization with RF Micro Devices Inc of Greensboro, NC, USA and Rocky Holding Inc.

TriQuint shareholders voted to approve the merger agreement, as well as the following:

  • the absence of a provision in Rocky Holding’s amended and restated certificate of incorporation that would provide for the election of directors of Rocky Holding by majority vote, which provision is instead located in Rocky Holding’s amended and restated bylaws;
  • the compensation arrangements, by non-binding advisory vote, for TriQuint’s named executive officers in connection with the merger; and
  • the amended TriQuint 2013 Incentive Plan.

Earlier on 5 September, RFMD’s shareholders also voted to approve the merger agreement and other matters.

“We are combining two industry pioneers and recognized innovators to create a diversified market leader with the scale to better serve the increasingly complex needs of our customers,” believes TriQuint’s president & CEO Ralph Quinsey.

TriQuint and RFMD anticipate that the closing of the transaction will occur in second-half 2014, subject to the receipt of required regulatory approval and other customary closing conditions.

See related items:

RFMD shareholders approve TriQuint merger

RFMD and TriQuint schedule shareholder meetings concerning merger

RFMD and TriQuint to merge, creating $2bn-turnover firm

Tags: RFMD TriQuint

Visit: www.triquint.com

Visit: www.rfmd.com

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