BALA CYNWYD, Pa., Sept. 20, 2012 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Ramtron
International Corporation ("Ramtron" or the "Company") (Nasdaq:
RMTR) relating to the proposed acquisition by Cypress Semiconductor
Corporation. ("Cypress").
Under the terms of the transaction, Ramtron shareholders will
receive only $3.10 in cash for each
share of Ramtron stock they own. The investigation concerns
possible breaches of fiduciary duty and other violations of state
law by the Board of Directors of Ramtron for not acting in the
Company's shareholders' best interests in connection with the sale
process to Cypress. The transaction may undervalue the Company as
the transaction represents little or no premium for Ramtron
shareholders. For example Ramtron stock traded at $3.43 as recently as May
31, 2011 and an analyst has set a $4.00 per share price target for Ramtron
stock.
If you own shares of Ramtron stock and wish to discuss the legal
ramifications of the proposed transaction, or have any questions,
you may e-mail or call the law office of Brodsky & Smith, LLC
who will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L.
Brodsky, Esquire or Evan J. Smith,
Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
602, Bala Cynwyd, PA 19004, by
e-mail at investorrelations@brodsky-smith.com visiting
http://brodsky-smith.com/479-rmtr-ramtron-international-corporation.html,
by calling toll free 877-LEGAL-90.
SOURCE Brodsky & Smith, LLC