RF Micro Devices, Sirenza stockholders approve merger deal

By Lisa Kerner

Charlotte, N.C., Oct. 29 - Stockholders of both RF Micro Devices, Inc. and Sirenza Microdevices, Inc. approved the acquisition of Sirenza by RF Micro Devices, the companies announced on Monday.

The acquisition is slated for completion on or about Nov. 13.

Under an Aug. 13 merger agreement, holders of Sirenza common stock will receive a combination of cash in the amount of $5.56 and 1.7848 shares of RF Micro Devices common stock per Sirenza share. Cash will be substituted for any fractional shares, according to a news release.

It was previously reported that the stock and cash transaction is valued at $16.64 per share, or a total of $900 million.

RF Micro Devices designs and manufactures high-performance radio systems and solutions for mobile communications. The company is based in Greensboro, N.C.

Radio frequency components supplier Sirenza is located in Broomfield, Colo., with operations in China and Germany.

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