Qorvo (QRVO) is trading higher as investors refocus on its pending acquisition by Skyworks (SWKS) and the evolving regulatory calendar. The most recent concrete development is that China’s competition authority has accepted the filing, starting the formal review clock in that jurisdiction—an incremental step that can tighten perceived execution risk and spur merger-arbitrage repositioning. (mlex.com)

Skyworks and Qorvo agreed to combine in a cash-and-stock transaction in which Qorvo shareholders are slated to receive $32.50 in cash plus 0.960 shares of Skyworks for each Qorvo share, subject to closing conditions and regulatory approvals. Because a large portion of consideration is stock, QRVO can move day-to-day with shifting expectations for the deal’s probability, timing, and Skyworks’ share performance. (ir.qorvo.com)

Key swing factors now are the pace and outcome of antitrust reviews—especially in China—and any signals that the expected timeline could compress or extend. Traders will also watch for any new disclosures on remedies or conditions, as well as volatility in SWKS that mechanically changes the implied value of the 0.960-share component and can drive QRVO’s spread behavior around the deal.