Friday, April 13, 2012

RF Monolithics Acquired By Murata For $19.2M

Dallas-based RF Monolithics, which develops wireless modules for the machine-to-machine (M2M) market, has been acquired by Murata Electronics North America, the firms announced this morning. Murata said it will pay $1.78 per share to holder of RFM common shares, an 80 percent permium over the firm's closing price as of Thursday. RFM was advised by Hunton & Williams LLP and Morton PPLLC in the deal, along with Duff & Phelps LLC. Murata was advised by Alson & Bird LLP. RFM had revenues of $32.36M for its year ended August 31, 2011. RFM is publicly traded on the NasdaqCM as RFMI.