Cypress's latest tender offer for Ramtron shares is scheduled to expire at 5 p.m. Eastern Standard Time on Sept. 11. Cypress has extended the deadline for the offer several times.
In a statement, T.J. Rodgers, Cypress president and CEO, said his firm is now in discussions with Ramtron's financial advisors. "We are increasing our offer to $2.88 per share in the hopes of completing a transaction quickly, which we believe is in the best interest of Cypress, as well as Ramtron's stockholders," Rodgers said.
I think Ramtron is viewed as a threat to the Cypress quantum trap auto-store NVRAM business. The quantum trap parts are easy to use, but very expensive. The Ramtron parts require no shadow ram or external capacitor.
@Neo1- it's a good question. On one hand, you would think they would have given up by now. But on the other hand, they've only upped their offer a little bit and it's still below the amount they offered last year. I am guessing that Cypress sti,l believes this is a screaming deal, even though it has not been as easy they hoped. But why? What are the Cypress plans for Ramtron? Good question.
Seems like TJ is this kid who does not want to take no for answer, am sure never had any girl friends.
May be they do not want be bought Cypress, may be want to go with TI.
BTW putting this in PSUC does not address the in ability, to take on fixed function low geometry MCU on, power and cost.
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