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5 February 2015

Qorvo announces $200m share repurchase program

Qorvo Inc, a provider of core technologies and RF solutions for mobile, infrastructure and aerospace/defense applications, says that its board of directors has authorized the repurchase of up to $200m of the firm's outstanding common stock.

The primary objective of the share repurchase program is to reduce dilution from issuances relating to employee equity awards and the company's employee stock purchase program.

Share repurchases will be made in accordance with applicable securities laws in either the open market or in privately negotiated transactions. The extent to which Qorvo repurchases its shares, and the timing of such repurchases, will be dependent on market conditions and other corporate considerations.  The program may be discontinued at any time, notes the firm.

See related items:

Qorvo reports combined RFMD-TriQuint December-quarter revenue up 33% year-on-year to $742m

Merger of RFMD and TriQuint as Qorvo now completed

Tags: Qorvo

Visit: www.qorvo.com

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