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RF Monolithics Shareholders Approve Merger Deal

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

RF Monolithics, Inc. (RFMI) 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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