Cypress Semi (CY +6.3%) is extending its $2.68/share offer to acquire Ramtron (RMTR unchanged)...

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

Cypress Semi (CY +6.3%) is extending its $2.68/share offer to acquire Ramtron (RMTR unchanged) to August 17. Some had expected Cypress to lower or withdraw its offer following Ramtron's weak Q2 report, but instead, Cypress is merely arguing the report is further proof management needs to sell. Ramtron rejected Cypress' offer as inadequate a month ago.