RF Monolithics Announces Definitive Agreement to Be Acquired by Murata Electronics for $1.78/Share
RF Monolithics (NASDAQ: RFMI) announced that it has entered into a definitive agreement to be acquired by Murata Electronics North America, Inc. for $1.78 per share to holders of RFM common shares, representing an 80% premium over the Nasdaq closing price as of April 12, 2012. The acquisition is expected to close in the third calendar quarter of 2012. Murata Electronics North America's parent company, Murata Manufacturing Co., Ltd. (“Murata Manufacturing”) (TSE/OSE: 6981), is the world's number one supplier of passive electronic components.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.