Wolfspeed completes sale of rf business to macom

Durham, n.c.--(business wire)--wolfspeed, inc. (nyse: wolf) today announced it completed the sale of its radio frequency business (“wolfspeed rf”) to macom technology solutions holdings, inc. (nasdaq: mtsi) effective december 2, 2023. under the transaction terms, wolfspeed received approximately $75 million in cash, subject to a customary purchase price adjustment, and 711,528 shares of macom common stock, which shares had a market value of approximately $60.8 million based on the closing price.
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