Reuters: Technology News: Cypress raises offer for Ramtron to $94.6 million

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Cypress raises offer for Ramtron to $94.6 million Jun 21st 2012, 11:48 Thu Jun 21, 2012 7:48am EDT (Reuters) - Cypress Semiconductor Corp raised its offer price for smaller rival Ramtron International Corp to $94.6 million. The chipmaker's new offer price of $2.68 per share, up from its previous offer of $2.48 per share, is below Ramtron's Wednesday closing price of $2.75 on the Nasdaq. Ramtron on Monday turned down Cypress's offer to buy the company for about $87.6 million, and said it would explore other options including a sale. The offer and withdrawal rights will expire at 12 midnight New York City time on July 19 unless the offer is extended, Cypress said in a statement on Thursday.

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