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.

Click here to receive FREE breaking news email alerts for RF MONOLITHICS INC and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

<<Previous 81 Articles Next>>

Editors Pick

Eurozone Private Sector Slump Eases, But Unlikely To Avert Q2 Contraction

The downturn in Eurozone's private sector economy eased sharply in May, but the improvement is unlikely to provide sufficient lift to the region's economy to avoid a further contraction in the second quarter.

SNB Retains Interest Rate, Franc Cap; Says Risks To Economy Remain High

The Swiss National Bank on Thursday said it will retain the currency ceiling at CHF 1.2 per euro as risks to the economy from external developments remains high. The target range for the three-month Libor was also left unchanged at 0.0-0.25 percent. The decision was in line with economists' forecast. "Tensions can reappear at any moment on global financial markets," the central bank said.

China Manufacturing Contraction Deepens In June

China's manufacturing activity contracted at a faster pace in June, reducing the prospects of a promising economic recovery, preliminary results of a survey by Markit Economics and HSBC revealed Thursday. The flash manufacturing purchasing managers' index fell to 48.3 in June from 49.2 in May. The index is now at its lowest level in nine months.