Date:	--/--/-- --:--:--
Event Id:	E5DP048MV
Action Type:	MERGER
Action Status:	ANNOUNCED
Acquirer Symbol:
Target Symbol:	QRVO
Updated:	--/--/-- --:--:--
Purchase Price Per Share:	32.5
Price Per Share Currency:	USD
News References:	https://www.globenewswire.com/news-release/2025/10/28/3175254/0/en/Skyworks-and-Qorvo-to-Combine-to-Create-22-Billion-U-S-Based-Leader-in-High-Performance-RF-Analog-and-Mixed-Signal-Solutions.html

Action Notes

Skyworks and Qorvo today announced that they have entered into a definitive agreement to combine the two companies in a cash-and-stock transaction that values the combined enterprise at approximately $22 billion2 to create a U.S.-based, global leader in high-performance radio frequency (RF), analog and mixed-signal semiconductors. Under the terms of the agreement, Qorvo shareholders will receive $32.50 in cash and 0.960 of a Skyworks common share for each Qorvo share held at the close of the transaction, which implies a combined enterprise value of approximately $22 billion4. Upon closing, Skyworks shareholders will own approximately 63 percent of the combined company, while Qorvo shareholders will own approximately 37 percent, on a fully-diluted basis. Phil Brace will serve as chief executive officer of the combined company; Bob Bruggeworth will join the Board of Directors of the combined company. The combined company's Board of Directors will comprise 11 directors, eight from Skyworks and three from Qorvo.The Boards of Directors of both companies have unanimously approved the transaction, which is expected to close in early calendar year 2027, subject to the receipt of required regulatory approvals, approval of Skyworks shareholders and Qorvo shareholders and the satisfaction of other customary closing conditions.