CY wants to buy RMTR: $13.58
Ramtron responds to unsolicited proposal from Cypress Semiconductor (CY); company to explore strategic alternatives including, but not limited to, the potential sale of the Company (RMTR) 2.43 : Co announced that its Board of Directors has reviewed and carefully considered the unsolicited proposal dated June 12 from Cypress Semiconductor (CY) with the assistance of its financial and legal advisors, and concluded that the proposal of $2.48 per share of common stock does not reflect the intrinsic value of the Company and is not in the best interest of Ramtron stockholders. RMTR also announced that its Board of Directors has authorized the exploration of strategic alternatives in the best interests of its stockholders. The Board intends to consider the full range of available options including, but not limited to, the potential sale of the Company or continuing with the Company's current growth plans. CY has been invited to participate in this process. There can be no assurance that the exploration of strategic alternatives will result in any transaction.