Starboard Delivers Letter To TriQuint Board Of Directors
(Benzinga Lightning Feed Via Acquire Media NewsEdge) Starboard Value LP (together with its affiliates and director nominees, "Starboard"), owning securities representing beneficial ownership of approximately 7.9% of the outstanding common stock of TriQuint Semiconductor, Inc. ("TriQuint" or the "Company") (NASDAQ: TQNT), today announced that it has delivered a letter to the Company's Board of Directors. In the letter, Starboard reiterated its beliefs, as previously outlined in detail in Starboard's October 29, 2013 letter to TriQuint, that the Company is deeply undervalued and that significant opportunities exist to unlock value based on actions within the control of management and the Board. Starboard stated in the letter that it is seriously concerned with TriQuint's prolonged underperformance under the direction of the current management team and Board,
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