M&A
confidence high
sentiment positive
materiality 1.00
Skyworks to acquire Qorvo for 0.960 SWKS shares + $32.50 cash per share
Qorvo, Inc.
- Each Qorvo share converts into 0.960 Skyworks shares plus $32.50 cash; Qorvo holders will own ~37% of combined company.
- Transaction expected to close early 2027, subject to HSR, other regulatory approvals, and stockholder votes of both companies.
- Qorvo CEO Robert Bruggeworth to join Skyworks board post-close; Skyworks CEO to remain CEO.
- Starboard Value, holding ~8% of Qorvo, entered voting agreement to support deal; termination fees of $298.7M and $100M apply.
- Qorvo board unanimously approved the merger; non-solicitation provisions and superior proposal termination rights included.