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Cirronet Agrees to Be Acquired by RF Monolithics, Inc.; Cirronet's RF Modules and Box Products Complement RFM's Low Power Radio Technology to Enable Comprehensive Wireless Solutions.

Publication: Business Wire
Publication Date: 28-AUG-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
DULUTH, Ga. -- Cirronet(TM), Inc. announced today that it has signed a definitive agreement to be acquired by RF Monolithics, Inc. (RFM) of Dallas, Texas. The transaction is expected to close in September and is valued at $24 million, including $4.8 million based on obtaining performance targets. RFM also announced a definitive agreement to acquire Caver-Morehead Systems, Inc., a leading producer of...

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