Ramtron To Review Takeover Offer From Cypress Semiconductor

6/21/2012 3:54 PM ET

Board of Ramtron International Corp. (RMTR: Quote) Thursday said it will carefully review and consider the unsolicited acquisition offer from Cypress Semiconductor Corp. (CY: Quote).

Earlier today, Cypress Semiconductor offered to buy Ramtron International for $2.68 per share in cash. This represents a 48 percent premium over Ramtron's closing price of $1.81 per share on June 11, the day before Cypress publicly disclosed its offer.

Ramtron's said its Board plans to advise stockholders of its recommendation within ten business days.

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by RTT Staff Writer

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