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？！