Brief: Wolfspeed To Sell RF Business To MACOM For $125 Mln

MACOM Technology Solutions Holdings

22/08/2023 11:03

Aug 22 (Reuters) - Wolfspeed Inc  WOLF.N :
    * WOLFSPEED TO SELL RF BUSINESS TO MACOM FOR $125 MILLION
    * WOLFSPEED INC: PROPOSED DEAL FOR APPROXIMATELY $75 MILLION
IN
CASH AND 711,528 SHARES OF MACOM COMMON STOCK, VALUED AT $50
MILLION
    * WOLFSPEED INC SEES Q1 REVENUE FROM CONTINUING OPERATIONS
IN A
RANGE OF $185 MILLION TO $205 MILLION
    * WOLFSPEED INC SEES Q1 GAAP NET LOSS FROM CONTINUING
OPERATIONS
$1.10 TO $1.30 PER DILUTED SHARE
    * WOLFSPEED INC SEES Q1 NON-GAAP NET LOSS FROM CONTINUING
OPERATIONS $0.60 TO $0.75 PER DILUTED SHARE

Source text for Eikon:  ID:nBw22bx1Pa 
Further company coverage:  WOLF.N 

 (Reuters.Briefs@thomsonreuters.com)