Denver, CO, 06/10/2014 (Stocksntrade) – RF Micro Devices, Inc. (NASDAQ:RFMD) is a semiconductor company that is involved in providing Radio Frequency solutions to close range communication devices. Some of its products include single function components, multi-chip circuits and integrated circuits. RF Micro Devices has been blessed with a super management team that is always thinking in advance and proactive. The semi conductor giant is not much in news and has not really seen a sharp decline or climb of its share price of late, since it’s proactive decisions of the past have helped it to remain safe in the market. TriQuint semiconductor too makes products similar to that of RF Micro Devices and both the companies have now decided to merge their businesses but signing a deal that will raise their profits.
RF Micro Devices And Triquint Merge To Form Rocky Holdings
Rocky Holdings is the name unquestioningly accepted by RF Micro Devices, Inc. (NASDAQ:RFMD) and TriQuint to call themselves after the merger. Rocky is touted to be the no.1 supplier of semi conductor spare parts for the likes of Apple and Samsung after the merger goes through. Analysts laud this move by both the companies as they estimate that the revenue of the child company is going to grow exponentially in the positive side.
Share Offer By RF Micro Devices
The joining of the two technology companies into a single supplier is going to raise the share value to 1.67 times the single share of RF Micro Devices, Inc. (NASDAQ:RFMD). That is, TriQuint adds a 67% more value for a single share of Rocky Holdings. Rocky is going to give major competition to the joint venture products of Skyworks and Panasonic. The share price of the company is set to increase in the coming days. Monday Jun 9, 2014’s share price peaked at $9.9 and closed at $9.75, average of the open price and day’s high.
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