RF Monolithics Stockholders Approve Merger With Affiliate Of Murata Electronics

6/29/2012 4:13 PM ET

RF Monolithics Inc. (RFMI: Quote) said Friday its stockholders voted to approve the proposed merger with an affiliate of Murata Electronics North America Inc.

The merger was approved by about 96.8% of the company's shares of common stock that were voted at the special meeting.

Upon consummation of the merger, RF Monolithics stockholders will receive $1.78 in cash for each share of the company's common stock.

The transaction is expected to close on or around July 1, 2012.

Texas-based RF Monolithics Inc. is a provider of solutions-driven, technology-enabled wireless connectivity for a range of wireless applications.

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by RTT Staff Writer

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