Ramtron - FRAM - ESRAM (RMTR)

[mlkrborn]

Eastern thunder; getting less favorable offer. Chipos!

Ramtron receives extended offer by Cypress Semiconductor (CY) to be acquired (RMTR) 2.75 : Cypress Semiconductor (CY) announced that it has extended its tender offer to acquire all of the outstanding stock of RMTR for $2.68 per share in cash to 5:00 p.m., New York City time, on August 3, 2012. The offer was previously scheduled to expire at 12:00 midnight, New York City time, on July 19, 2012. CY's offer represents a 48% premium over Ramtron's closing price of $1.81 per share on June 11, 2012, the day before CY publicly disclosed its offer for Ramtron. The all-cash offer is not conditioned on due diligence or financing. In addition, CY announced that the waiting period pursuant to the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, applicable to its acquisition of Ramtron has expired and that CY has received the necessary regulatory clearance pursuant to the German merger control laws. CY does not believe that any other regulatory approvals are necessary in connection with the acquisition.