Shareholders Foundation, Inc.

Ramtron International (NASDAQ:RMTR) Takeover Under Investor Investigation

An investigation on behalf of investors of Ramtron International (NASDAQ:RMTR) in connection with the takeover offer was announced and NASDAQ:RMTR stockholders should contact the Shareholders Foundation.

 

San Diego, CA -- (ReleaseWire) -- 09/24/2012 -- An investigation on behalf of investors in NASDAQ:RMTR shares was announced concerning whether the offer by Cypress Semiconductor to acquire Ramtron International at $2.48 per share and the takeover process are unfair to investors in Ramtron shares.

Investors who purchased shares of Ramtron International (NASDAQ:RMTR prior to June 12, 2012, and currently hold any of those NASDAQ:RMTR shares have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain officers and directors of Ramtron International breached their fiduciary duties owed to NASDAQ:RMTR investors in connection with the proposed acquisition.

On June 12, 2012, Cypress Semiconductor Corporation (NASDAQ:CY) announced that it has submitted a proposal to Ramtron International Corporation (NASDAQ:RMTR) to acquire all of its outstanding stock for $2.48 per share in cash. However, on June 18, 2012, Ramtron International Corporation announced that its Board of Directors has 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.

Then on June 21, 2012 Ramtron International Corporation said it is reviewing the unsolicited tender offer from Cypress Semiconductor Corporation to acquire all outstanding stock of Ramtron at a price of $2.68 per share in cash. However, on July 5, 2012, Ramtron International Corporation announced that its Board of Directors concluded that the tender offer is inadequate, does not reflect the intrinsic value of the Company, and is not in the best interest of Ramtron and its stockholders.

Then on August 28, 2012 Ramtron International Corporation announced that its Board of Directorsis reviewing the increased unsolicited tender offer from Cypress Semiconductor Corporation to acquire all outstanding stock of Ramtron at a price of $2.88 per share in cash. However, on September 10, 2012 Ramtron International Corporation announced that its Board of Directors has concluded that the revised offer is inadequate, does not reflect the intrinsic value of the Company, and is not in the best interest of Ramtron and its stockholders.

Then, on September 19, 2012, Cypress Semiconductor Corporation and Ramtron International Corporation announced that they have entered into a merger agreement under which Cypress Semiconductor Corporation will acquire all outstanding stock of Ramtron International at a price of $3.10 per share in cash. T

However, shares of Ramtron International (NASDAQ:RMTR) traded in May 2011 as high as $3.32 per share and at least one analyst has set the high target price for NASDAQ:RMTR shares at $4.00 per share.

Therefore the investigation for NASDAQ:RMTR investors concerns whether the proposed transaction is unfair to Ramtron International stockholders. Specifically, the investigation focuses on whether the Ramtron Board of Directors will undertake an adequate sales process, adequately shop the company before entering into the transaction, maximize shareholder value by negotiating the best price, and act in the shareholders' best interests in connection with the proposed sale.

Those who are current investors in Ramtron International (NASDAQ:RMTR) and purchased their Ramtron Intl shares prior to the announcement, have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Joelle Day
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com