RF Monolithics Shareholders Approve Merger Deal

6/29/2012 4:14 PM ET

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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