BALA CYNWYD, Pa., April 13, 2012 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of RF Monolithics, Inc ("RF Monolithics" or the "Company") (Nasdaq- RFMI) relating to the proposed acquisition by Murata Electronics North America, Inc. ("Murata").
Under the terms of the transaction, RF Monolithics shareholders would receive only $1.78 in cash for each share of RF Monolithics stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of RF Monolithics for not acting in the Company's shareholders' best interests in connection with the sale process to Murata. The transaction may result in long term holders of RF Monolithics stock suffering substantial losses.
If you own shares of RF Monolithics stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at [email protected] visiting http://brodsky-smith.com/408-rfmi-rf-monolithics-inc.html, or by calling toll free 877-LEGAL-90.
SOURCE Brodsky & Smith, LLC