Law Office of Brodsky & Smith, LLC Announces Investigation of Ramtron International Corporation
September 22 2012 - 12:30PM
Business Wire
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.
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