Ramtron - FRAM - ESRAM (RMTR)

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Ramtron to Review Increased Unsolicited Tender Offer from Cypress Semiconductor

Press Release: Ramtron International Corporation – 4 hours ago.. .


COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--

Ramtron International Corporation (RMTR), a leading developer and supplier of nonvolatile ferroelectric random access memory (F-RAM) and integrated semiconductor products, announced today that its Board of Directors will carefully review and consider, in consultation with its financial and legal advisors, the increased unsolicited tender offer from Cypress Semiconductor Corporation (CY) to acquire all outstanding stock of Ramtron at a price of $2.88 per share in cash.

Ramtron’s Board intends to advise stockholders of its recommendation in due course by making available to stockholders and filing with the Securities and Exchange Commission an amended Schedule 14D-9. Ramtron stockholders are advised to take no action at this time pending the review of the increased tender offer by the Company’s Board of Directors. Needham & Company, LLC is serving as Ramtron’s financial advisor and Shearman & Sterling LLP is serving as Ramtron’s legal advisor.

About Ramtron

Ramtron International Corporation, headquartered in Colorado Springs, Colorado, is a fabless semiconductor company that designs, develops and markets specialized semiconductor memory and integrated semiconductor solutions used in a wide range of product applications and markets worldwide. For more information, visit www.ramtron.com.