Cypress Semi (CY) Boosts Offer for Ramtron (RMTR) to $2.68/Share, From $2.48 Prior

June 21, 2012 7:03 AM EDT Send to a Friend
Cypress Semiconductor Corporation (Nasdaq: CY) today announced that it has commenced a tender offer to acquire all of the outstanding common stock of Ramtron International Corporation (Nasdaq: RMTR) for $2.68 per share in cash. This 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, and a significant increase to Cypress’s prior offer. The offer and withdrawal rights will expire at 12:00 midnight, New York City time, on July 19, 2012, unless the offer is extended.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Corporate News, Mergers and Acquisitions

Add Your Comment