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News Breaks | | | | September 19, 2012 | | 08:05 EDT |  | CY, RMTR | Cypress Semiconductor to acquire Ramtron for $3.10 per share in cash
Cypress Semiconductor Corporation (CY) and Ramtron International Corporation RMTR) have entered into a definitive merger agreement under which Cypress will acquire all outstanding stock of Ramtron at a price of $3.10 per share in cash. The transaction, valued at approximately $109.8M, represents a premium of 71% to Ramtron’s closing price of $1.81 per share on June 11, 2012, the day before Cypress publicly disclosed its offer for Ramtron. The Boards of Directors of both Cypress and Ramtron have approved the transaction. Ramtron’s Board of Directors unanimously recommends that Ramtron stockholders tender their shares in Cypress’s increased tender offer. The transaction will be structured as a cash tender offer for all of the outstanding shares of Ramtron common stock. Consistent with the requirements of the merger agreement between Cypress and Ramtron, Cypress will promptly amend its pending tender offer to increase the offer price to $3.10 and extend the expiration of the offer; this extension will be in compliance with the rules and regulations of the SEC. Subject to customary closing conditions, the transaction is expected to close by the end of the calendar year. | |
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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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| June 11, 2013 | | 15:19 EDT | | CY | Wi-LAN acquires patents from Cypress Semiconductor
 Subscribe for More Information | | | 05:33 EDT | | CY | Cypress will pursue district court claims against GSI following ITC ruling
Cypress Semiconductor affirmed that it will continue to defend its patents aggressively in the wake of the June 7 final determination by the International Trade Commission that GSI does not infringe any of the four patents asserted by Cypress in the investigation. Cypress intends to vigorously pursue its two pending district court lawsuits against GSI, which include three of the patents asserted in the ITC investigation and seven additional patents. Cypress has asserted that GSI’s SigmaQuad-II, SigmaQuad-III, SigmaDDR, standard Synchronous, and NBT SRAMs infringe multiple Cypress patents. | | | June 10, 2013 | | 18:37 EDT | | CY | ITC says GSI Technology does not infringe on Cypress Semiconductor's patents
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