RF Monolithics, Inc. (RFMI) Reaches Agreement to Be Acquired by Murata Electronics North America, Inc.
RF Monolithics, an industry leader in machine-to-machine (M2M) wireless communications, announced today that it has reached an agreement to be acquired by Murata Electronics North America for $1.78 per share to holders of RFM common shares. This price provides an 80% premium over the Nasdaq closing price as of April 12, 2012. The acquisition is scheduled to close during the third calendar quarter of 2012. Murata Manufacturing Co., Ltd, the parent company of Murata Electronics North America, is the world’s premier supplier of passive electronic components. The executives at RF Monolithics believe that this agreement will bring a significant premium…