TriQuint Shareholders Approve Merger With RF Micro Devices

(RTTNews) - TriQuint Semiconductor, Inc. (TQNT) said Friday that its shareholders have approved the merger agreement with RF Micro Devices, Inc. (RFMD) and other matters.

Earlier Friday, RF Micro shareholders approved the merger agreement and other matters. TriQuint and RF Micro expect the closing of the deal to occur in the second half of calendar 2014.

In February, RF Micro and TriQuint Semiconductor agreed to merge in an all-stock deal. Under the deal, TriQuint shareholders would receive 1.675 shares of the combined company, while RFMD shareholders would receive 1 share of the combined company for each TriQuint or RF Micro share held by them.