$SWKS (SKYWORKS SOLUTIONS) — 8-K: Skyworks closes Qorvo combination, sees $500 million or more in annual cost synergies

Skyworks completed its combination with Qorvo, creating a company with approximately 8,000 engineers and more than 12,000 issued and pending patents. Qorvo shareholders received $32.50 in cash and 0.960 of a Skyworks common share per Qorvo share; legacy Skyworks holders own approximately 63% and legacy Qorvo holders approximately 37% on a fully diluted basis. Skyworks expects annualized cost synergies of $500 million or more within 24 to 36 months post-close and immediate accretion to non-GAAP EPS. Financial guidance will be provided on the fiscal fourth-quarter earnings call on Nov. 3.

Skyworks completed its combination with Qorvo, creating a company with approximately 8,000 engineers and more than 12,000 issued and pending patents. Qorvo shareholders received $32.50 in cash and 0.9