RF Micro, TriQuint move forward with merger

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

RF Micro Devices Inc. and TriQuint Semiconductor Inc. said in a joint statement Tuesday that the Federal Trade Commission and U.S. Justice Department did not respond with antitrust concerns by Friday’s deadline under the Hart-Scott-Rodino Antitrust Improvements Act, according to the Winston-Salem Journal.

The waiting period is to allow regulators to review mergers and acquisitions for anti-competitive issues.

RF Micro, based in Greensboro, and TriQuint, based in Hillsboro, Ore., announced Feb. 22 that RF Micro plans to spend $1.56 billion in stock to buy Tri-Quint. TriQuint has a small office in High Point.

In a deal that appears to be more equal than most mergers of equals, the combined company would have dual headquarters. About 1,500 of RF Micro’s 3,500-person workforce is based in Guilford County.

RF’s purchase still is subject to approval by the companies’ shareholders, as well as other required regulatory approvals.

Notice: you are using an outdated browser. Microsoft does not recommend using IE as your default browser. Some features on this website, like video and images, might not work properly. For the best experience, please upgrade your browser.