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Triquint Semiconductor Acquires WJ Communications

Thu, 03/13/2008 - 5:21am
TriQuint Semiconductor® and WJ Communications, Inc. have 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.

Upon closing, it is anticipated that Bruce Diamond, CEO of WJ, will continue with the organization leading the business and assisting in integration.

www.triquintsemi.com 503-615-9000

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