From: compoundsemiconductor.cnet
TriQuint to acquire WJ Communications for $72m
More GaAs consolidation on the cards, as WJ product innovation
expands TriQuint's RF/Analog product portfolio and RF module
capability
HILLSBORO, Ore.--(BUSINESS WIRE)--TriQuint Semiconductor
(NASDAQ:TQNT), a leading RF supplier to the wireless communications
industry and WJ Communications, Inc. (NASDAQ:WJCI), today announced
a definitive agreement for TriQuint to acquire WJ. WJ is a leading
supplier of radio frequency (RF) solutions for wireless
infrastructure and will expand TriQuint's reach into this market.
Under the terms of the agreement, TriQuint will acquire by merger
all outstanding shares of WJ for $1.00 per share, implying a
purchase price of approximately $72 million. Excluding one-time
charges, TriQuint expects the deal to be neutral to earnings during
fiscal 2008 and accretive thereafter.
The transaction has been approved by the Board of Directors of both
companies and is expected to close within 90 days, subject to an
affirmative vote by WJ shareholders and other customary conditions.
Highlights of the acquisition are:
* Combines WJ design expertise with TriQuint's advanced
technologies
* Expands TriQuint's presence in the communications infrastructure
market
* Provides TriQuint with a Silicon Valley based design center
* Accelerates the evolution to multi-function modules for
infrastructure applications
TriQuint has focused on bringing the technical innovation and cost
savings it provides in the handset market to the evolving
requirements of the communications infrastructure market. WJ shares
TriQuint's vision of combining RF power, switching and filtering in
cost effective module solutions for base station and other
infrastructure applications.
"We see great synergy with TriQuint in the areas of technology,
customer relationships and manufacturing efficiencies. There is
very little product overlap and a good cultural fit between our two
organizations," commented Bruce Diamond, CEO of WJ. "We bring a
broad product line of RF building blocks and modules as well as a
talented Silicon Valley based design team to an established leader
in the RF market space."
Through this acquisition, TriQuint expects to expand its presence
in the wireless infrastructure market comprised of cellular
basestations and wireless and cable broadband infrastructure. "WJ's
solid reputation in these market areas is a wonderful complement to
TriQuint's strengths in design, manufacturing and customer
support." said Ralph Quinsey, CEO of TriQuint.
"WJ's technical expertise combined with the financial strength and
stability of TriQuint will provide both innovative products and
security of supply to the networks infrastructure customer base."
Upon closing, it is anticipated that Bruce Diamond, CEO of WJ, will
continue with the organization leading the business and assisting
in integration.
Thomas Weisel Partners acted as exclusive financial advisor to WJ
Communications on this transaction.
Richard：哇塞！收购不断呀！再次赞前面有人预测的“四到五个Giants!”看来TriQuint动作频频，不断在拓展疆土。--72million美元？！
;){kind=link}