Ramtron's (RMTR -0.3%) board rejects Cypress Semiconductor's (CY -1%) $2.68/share, all-cash,...

|About: Cypress Semiconductor Corpo... (CY)|By:, SA News Editor

Ramtron's (RMTR -0.3%) board rejects Cypress Semiconductor's (CY -1%) $2.68/share, all-cash, buyout offer as inadequate. Ramtron shares are currently trading at $3 - the company and investors seem to be betting Ramtron's leading role in commercializing FRAM (still a niche product), and the IP it has generated along the way, will result in a higher bid. (more)