Cypress Semi (CY +0.2%) and Ramtron (RMTR +7.7%) have finally reached a deal. Cypress will...

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

Cypress Semi (CY +0.2%) and Ramtron (RMTR +7.7%) have finally reached a deal. Cypress will acquire Ramtron, a pioneer in developing FRAM (predicted for decades to be the memory of the future), for $3.10/share, or $109.8M. Cypress made a $2.48/share offer for Ramtron in June, and raised its bid to $2.68/share and then $2.88/share over time, even though Ramtron posted an ugly Q2 report.