RF Micro Devices, a manufacturer of radio systems and solutions will acquire Sirenza Microdevices. Each outstanding share of Sirenza's common stock will be exchanged for a combination of 1.7848 shares of RFMD common stock and $5.56 in cash. The value of the transaction is approximately $900 million. The management teams of RFMD and Sirenza will be combined. Bob Van Buskirk, president and CEO of Sirenza, will relocate to North Carolina and will lead RFMD's new Multi-Market Products Group. Bob Bruggeworth, president and CEO of RFMD, will continue as president and CEO of the combined company. The 2007 revenue of RFMD was $1.02 billion, the net profit was $83.3 million. Sirenza reached 2006 a revenue of $136.6 million and a net profit of $6.6 million.