Ramtron - FRAM - ESRAM (RMTR)

[mlkrborn]

extension: aug 17
"Ramtron: Cypress Semiconductor (CY) extends tender offer to acquire RMTR to Aug 17, 2012 (RMTR) 2.60 : Cypress Semiconductor announced that it has extended its tender offer to acquire all of the outstanding stock of Ramtron International for $2.68 per share in cash to 5:00 p.m., New York City time, on August 17, 2012. The offer was previously scheduled to expire at 5:00 p.m., New York City time, on August 3, 2012. Cypress's offer represents a 48% premium over Ramtron's closing price of $1.81 per share on June 11, 2012, the day before Cypress publicly disclosed its offer for Ramtron. Except for the extension of the expiration date, all other terms and conditions of the offer remain unchanged. The all-cash offer is not conditioned on due diligence or financing. Cypress continues to believe that its offer represents full and fair value and provides Ramtron's stockholders with immediate liquidity at a substantial premium in a very volatile market. Cypress stated " If you are stalling in the hope that we will lose interest in an acquisition, it bears repeating that we are committed to acquiring Ramtron and that commitment will not waiver. We will not allow you an unlimited amount of time to stand in the way of our offer while failing to provide your stockholders with a fair opportunity to consider it or a superior alternative."