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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
http://brodsky-smith.com/479-rmtr-ramtron-international-corporation.html, by calling toll free 877-LEGAL-90.
SOURCE Brodsky & Smith, LLC