NEW YORK, Feb. 27, 2014 /PRNewswire/ -- Morgan &
Morgan announces that it is investigating the Board of
Directors of TriQuint Semiconductor, Inc. ("TriQuint") (NASDAQ:
TQNT) concerning its proposed merger agreement with RF Micro
Devices, Inc. ("RF Micro") (NASDAQ: RFMD).
If you own shares of TriQuint and want more information about
the merger please contact George Pressly,
Esq. at 1(800) 732-5200 or email George at
AskGeorge@morgansecuritieslaw.com.
TriQuint announced that it has entered into an agreement and
plan of merger with RF Micro in an all-stock transaction to create
a new combined company in radio frequency solutions. The proposed
merger would provide TriQuint stockholders with implied value of
$9.73 per share of TriQuint stock
owned, a premium of only 5.4% premium to TriQuint's closing stock
price of $9.23 per share on
February 21, 2014. The entire
transaction is valued at $1.6
billion.
The proposed merger is expected to close in the second half of
2014 and to result in TriQuint stockholders owning approximately
50% of the combined company. Pursuant to the deal, TriQuint's
President and Chief Executive Officer Ralph
Quinsey will serve as non-executive chairman of the combined
company's board of directors.
Our investigation concerns possible breaches of fiduciary duty
and other violations of law by TriQuint's Board of Directors for
not acting in the best interest of the Company's shareholders' in
connection with the sale process.
Morgan & Morgan is one of the nation's largest 200 law
firms. In addition to securities fraud, the firm also practices in
the areas of antitrust, personal injury, consumer protection,
overtime, and product liability. All of the Firm's legal
endeavors are rooted in its core mission: provide investor and
consumer protection and always fight "for the people."
Attorney advertising. Prior results do not guarantee a similar
outcome.
Contact:
Morgan & Morgan
Peter Safirstein, Esq.
28 West 44th Street
Suite 2001
New York, NY 10036
1-800-732-5200
info@morgansecuritieslaw.com
SOURCE Morgan & Morgan