Wolfspeed to sell rf business to macom for $125 million

Durham, n.c.--(business wire)--wolfspeed, inc. (nyse: wolf) today announced that wolfspeed has entered into a definitive agreement to sell its radio frequency business (wolfspeed rf) to macom technology solutions holdings, inc. (nasdaq: mtsi) for approximately $75 million in cash, subject to a customary purchase price adjustment, and 711,528 shares of macom common stock, valued at $50 million based on the 30 trading day average for macom's common stock through august 21, 2023. the company expec.
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