Qorvo, Inc. completed its merger with Skyworks Solutions, Inc. on October 5, 2026, converting each outstanding share of Qorvo common stock into 0.960 shares of Skyworks common stock and $32.50 in cash. The transaction concluded a process initiated by the Agreement and Plan of Merger dated October 27, 2025, which involved Qorvo, Skyworks, and two Skyworks subsidiaries acting as merger vehicles.
Under the terms of the merger, Qorvo shares were exchanged for Skyworks common stock, which carries a par value of $0.25 per share, alongside the fixed cash payment. No fractional shares of Skyworks stock were issued; instead, Qorvo stockholders received cash in lieu of any fractional entitlements. The merger consideration was subject to applicable withholding taxes.
In connection with the closing, Qorvo terminated its Credit Agreement dated April 23, 2024. The agreement involved Bank of America, N.A., as Administrative Agent and Swing Line Lender, along with other lenders. The company reported that there were no borrowings outstanding under the Credit Agreement at the time of termination. All fees and other amounts that were then due and payable were settled in full, and all commitments to extend credit were terminated.
The merger structure consisted of two integrated steps. First, a Skyworks subsidiary merged with and into Qorvo, with Qorvo surviving as a wholly owned subsidiary of Skyworks. Immediately following this, the surviving Qorvo entity merged with and into a second Skyworks subsidiary. This second entity continued as the surviving company and was renamed Qorvo Technologies, LLC.
Equity awards held by Qorvo employees and directors were treated according to specific provisions in the Merger Agreement. Vested restricted stock units that had not yet settled, or those that vested as a result of the closing, were cancelled in exchange for the standard merger consideration per share plus accrued dividend equivalents. For awards subject to performance-based vesting conditions where the level of performance had not yet been determined, the number of shares was calculated assuming achievement at target performance, with exceptions for certain individuals based on actual performance levels prior to the effective time.
Qorvo filed this Current Report on Form 8-K with the Securities and Exchange Commission to disclose the completion of the acquisition and the termination of the material definitive agreement. The company is incorporated in Delaware and maintains its principal executive offices in Greensboro, North Carolina.