Qorvo: 5.61M Starboard shares disposed in merger
The merger terms provided for 0.960 Skyworks shares and $32.50 cash for each Qorvo share, plus cash for fractional shares.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Qorvo, Inc. director Peter A. Feld reported the disposition on October 5, 2026, of 4,823 directly held shares and 5,611,526 shares held by Starboard Value LP. The reported resulting position for each entry was zero shares. Feld disclaimed beneficial ownership of the Starboard Accounts’ shares except to the extent of his pecuniary interest.
Qorvo and Skyworks Solutions completed their merger transactions that day. Under the merger terms, each Qorvo share was converted into the right to receive 0.960 Skyworks shares and $32.50 in cash, plus cash in lieu of fractional shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock, $0.0001 par value F2, F3 | 4,823 | -- | -- |
| Disposition | Common Stock, $0.0001 par value F2, F3, F1 | 5,611,526 | -- | -- |
Footnotes (3)
- F1. Starboard Value LP ("Starboard") serves as the investment manager or manager of certain managed accounts and private investment funds (collectively, the "Starboard Accounts"), which hold the securities reported herein and as such may be deemed to beneficially own such securities. The Reporting Person, as a Managing Member of Starboard, may be deemed to beneficially own the securities directly held by the Starboard Accounts for purposes of Section 16 of the Securities Exchange Act of 1934, as amended. The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
- F2. On October 5, 2026, Qorvo, Inc. ("Qorvo") and Skyworks Solutions, Inc. ("Skyworks") completed the transactions contemplated by the Agreement and Plan of Merger (the "Merger Agreement"), dated as of October 27, 2025, by and among Qorvo, Skyworks, Comet Acquisition Corp. ("Merger Sub I") and Comet Acquisition II, LLC ("Merger Sub II") (the "Mergers").
- F3. Pursuant to the terms of the Merger Agreement, (i) each share of Qorvo common stock held by the Reporting Person that was outstanding immediately prior to the Effective Time (as defined in the Merger Agreement) was converted into the right to receive (A) 0.960 shares of Skyworks common stock (together with cash in lieu of fractional shares), without interest, and (B) $32.50 in cash, without interest (together, the "Merger Consideration") and (ii) each outstanding restricted stock unit award corresponding to shares of Qorvo common stock held by the Reporting Person was cancelled in consideration for the right to receive (x) the Merger Consideration in respect of each share of Qorvo common stock then subject thereto and (y) an amount in cash equal to all dividend equivalents accrued but unpaid with respect thereto.
Key Figures
Key Terms
dividend equivalents financial
pecuniary interest financial
beneficial ownership regulatory
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
AI-generated analysis. How Rhea-AI works. Not financial advice.