San Jose-Based Cypress Extends Tender Offer for Ramtron International

San Jose, Calif. -- Eight weeks after first announcing its intentions to acquire Colorado-based Ramtron International, San Jose-based Cypress Semiconductor, a developer of  mixed-signal, programmable chips, on Monday extended its cash tender offer for the company through Aug. 17. Cypress is offering $2.68 a share under the offer, which had been scheduled to expire on Friday. In a letter to Ramtron's board, Cypress President and CEO T.J. Rodgers expressed his frustration that the company hasn't yet provided its stockholders with "a fair opportunity to consider our offer or a transaction that delivers immediate and certain value in excess of what we have offered." He also threatened to pull the offer or "seek out new directors" if the company fails to take action.
http://www.cypress.com/
http://www.ramtron.com/
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