Ramtron - FRAM - ESRAM (RMTR)

[mlkrborn]

Cypress Semiconductor (NASDAQ:CY): Cypress Semiconductor announced the completion of their initial tender offer for all of the outstanding stock of Ramtron International Corporation (NASDAQ:RMTR). The initial offering period expired at 12:00 midnight, New York City time, on October 9, 2012. Computershare Inc., the depositary for the tender offer, has advised Cypress that at that time, 23,290,666 shares had been validly tendered and not withdrawn. This represents shares beneficially owned by Cypress, a total of approximately 70% of Ramtron’s outstanding stock. An additional 559,785 shares were tendered, subject to guaranteed delivery procedures, representing approximately 2% of Ramtron’s outstanding stock. All shares validly tendered and not withdrawn were accepted for payment. Their shares closed at $9.95, down $0.45 or 4.33% on the day. They have traded in a 52-week range of $10.21 to $20.50.