Faruqi & Faruqi, LLP Is Seeking More Cash For The Shareholders Of Ramtron International Corporation (RMTR)
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Ramtron International Corporation (“Ramtron” or the “Company”) (NASDAQ: RMTR) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Cypress Semiconductor Corporation (NASDAQ: CY) in an all-cash deal valued at about $119.50 million. Under the terms of the proposed transaction, Ramtron stockholders will receive approximately $3.10 in cash for each share of Ramtron they own, while according to Yahoo! Finance, at least one financial analyst has set a price target of $4.00 for Ramtron.
The investigation focuses on whether Ramtron’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether the proposed transaction undervalues Ramtron’s shares and by how much this proposed transaction undervalues the Company to the detriment of Ramtron’s shareholders.
If you own common stock in Ramtron and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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