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News Breaks | | | | September 12, 2012 | | 08:03 EDT |  | CY, RMTR | Cypress Semiconductor extends offer to acquire Ramtron
Cypress Semiconductor Corporation (CY) announced that it has extended its tender offer to acquire all of the outstanding stock of Ramtron International Corporation (RMTR) for $2.88 per share in cash to 5:00 p.m., New York City time, on September 25. The offer was previously scheduled to expire at 5:00 p.m., New York City time, on September 11. Cypress’s offer represents a 59% 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. T.J. Rodgers, President and CEO of Cypress, said, “We have been patient throughout Ramtron’s strategic review process, which now has taken over 12 weeks and has not produced a superior alternative. We question the basis and rationale for Ramtron’s publicly-disclosed valuation expectations, as we continue to believe that our offer represents full and fair value and provides Ramtron’s stockholders with immediate liquidity at a substantial premium." | |
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News For CY;RMTR From The Last 14 Days Check below for free stories on CY;RMTR the last two weeks. |
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| May 15, 2013 | | 11:09 EDT |  | CY | Rumor: Synaptics weakness attributed to competitor comments
 Subscribe for More Information | | | May 6, 2013 | | 10:23 EDT |  | CY | Cypress Semiconductor initiated with a Buy at Topeka
Target $12. | |
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