MarketPR
A routine vesting transaction at Qorvo, Inc.
(NASDAQ: QRVO) looks different in the context of the company's pending $22 billion acquisition by Skyworks Solutions, which has replaced Qorvo's standalone fundamentals with a fixed conversion formula for shareholders.
Creviston, Qorvo's senior vice president of connectivity and sensors, disposed of 3,949 shares on August 5 at a weighted average price of $95.04, generating $375,313 in proceeds under a non-discretionary tax withholding arrangement tied to equity award vesting.
The next confirmable milestone: whether the deal closes before year-end, a timeline Skyworks CEO Phil Brace has said he is optimistic about.
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