Ramtron - FRAM - ESRAM (RMTR)

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Cypress Semiconductor increases offer for Ramtron

http://www.bizjournals.com/sanjose/news/2012/08/27/cypress-semiconductor-increases-offer.html?ana=yfcpc

Silicon Valley / San Jose Business Journal
Date: Monday, August 27, 2012, 6:49am PDT - Last Modified: Monday, August 27, 2012, 6:57am PDT


Cypress Semiconductor has once again raised its offer for Ramtron International.

Cypress Semiconductor Corp. has once again raised its offer for Ramtron International Corp., this time hiking the price to $2.88 a share and setting the deadline for Sept. 11, according to a release.

The all-cash offer from San Jose-based Cypress (NASDAQ:CY) represents a 59 percent premium over Colorado Springs, Colo.-based Ramtron’s (NASDAQ:RMTR) closing price of $1.81 per share on June 11, according to the release.

The last time Cypress, a semiconductor design and manufacturing company, raised the offer price it was $2.68 per share with a deadline of August 24. As of that deadline, 3 million shares had been tendered, according to Cypress.