April 14, 2012
Murata Manufacturing Co., Ltd.
President/ Statutory Representative Director: Tsuneo Murata
KYOTO, Japan--Murata Manufacturing Co., Ltd. (TOKYO:6981) (ISIN:JP3914400001), the world’s number one supplier of passive electronic components, announced today that Murata Electronics North America, Inc., its full subsidiary has signed a definitive agreement to acquire RF Monolithics, Inc. (NASDAQ: RFMI) in an all cash transaction. Targeted to close in the third calendar quarter of 2012, the deal will pay the holders of RFM common shares $1.78 per share.
RF Monolithics, Inc., (hereinafter referred to as “RFM”), headquartered in Dallas, Texas, is a provider of solutions-driven, technology-enabled wireless connectivity for a broad range of wireless applications—from individual standardized and custom components to modules for comprehensive industrial wireless sensor networks and machine-to-machine (M2M) technology. For more information on RFM, please visit RFM’s website at http://www.RFM.com.
“RFM’s proven success in developing business in the healthcare, energy and industrial markets compliments Murata’s growth strategy. Additionally, leveraging RFM’s expertise in design and development of production ready RF modules, SAW based & RFIC short-range radios, stand-alone radio systems and platforms for M2M applications will enable Murata to increase the value of the wireless module solutions delivered to Murata’s existing and future customers in the global marketplace.” said David M. Kirk, President and CEO of Murata Electronics North America, Inc., the Regional Headquarters of Murata Americas.
Murata Americas regional HQ is Murata Electronics North America, Inc., a wholly owned subsidiary of Murata Manufacturing Co., Ltd., whose global headquarters are in Kyoto, Japan. Established in 1944, Murata Manufacturing is a worldwide leader in research, design, manufacture and sale of ceramic based passive electronic components, power supply and wireless module solutions. With annual revenues in excess of $7 billion dollars, Murata is committed to the environmentally conscious development and stable supply of advanced electronic materials, leading edge electronic components, and multi-functional, high-density modules. Products include: monolithic ceramic capacitors, polymer aluminum electrolytic capacitors, electric double layer energy device (EDLC), noise suppression products/EMI suppression filters, inductors, resistor products, resonators, filters, RF components, communication and wireless module solutions, sensors, thermistors, DC-DC converters, AC-DC power supplies, sound components, piezo actuators, micromechatronics products, ceramic applied products, and RFID solutions. Murata’s products are found in a wide range of applications including consumer, mobile communications, computers and networking equipment, automotive electronics, advanced metering equipment, digital home electronics, lighting and illumination, and healthcare devices. Murata has employees and manufacturing facilities throughout the world.
Certain statements contained herein are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include statements regarding the intent, belief or current expectations of the Murata and members of its management team, as well as the assumptions on which such statements are based, and generally are identified by the use of words such as “anticipates,” “believes,” “estimates,” “expects,” “forecasts,” “intends,” “may,” “plans,” “projects,” “seeks,” “should,” “targets,” “will,” or similar expressions. Forward-looking statements involve assumptions, estimates, expectations, forecasts, goals, projections, risks and uncertainties. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that actual results may differ materially from those contemplated by such forward-looking statements. Many of these factors are beyond Murata’s ability to control or predict. Such risks and uncertainties include, but are not limited to, any conditions imposed in connection with the proposed merger of Ryder Acquisition Company Limited with and into RFM, pursuant to which RFM would become a wholly-owned subsidiary of Murata Electronics North America, Inc. (the “Merger”), approval by RFM’s stockholders of that certain Agreement and Plan of Merger, dated as of April 12, 2012 (the “Merger Agreement”), among RFM, Murata Electronics North America, Inc. and Ryder Acquisition Company Limited, the satisfaction of various other conditions to the closing of the Merger contemplated by the Merger Agreement, and the outcome of any legal proceedings that may be instituted against RFM related to the Merger Agreement. These risks and uncertainties should be considered in evaluating any forward-looking statements contained herein. Each forward-looking statement speaks only as of the date of the particular statement and Murata does not undertake any obligation to update or revise such forward-looking statements, whether as a result of new information, future events or otherwise.
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