RF Monolithics, Inc. (RFMI: Quote) said Friday that its shareholders have 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, in person or by proxy, at the special meeting.
Upon consummation of the merger, RF Monolithics shareholders will receive $1.78 in cash for each share of RF Monolithics common stock held.
The deal, which was originally announced in April, is expected to close on or around July 1.
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by RTT Staff Writer
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