Law Office of Brodsky & Smith, LLC Announces Investigation of Ramtron International Corporation
BALA CYNWYD, Pa.--(BUSINESS WIRE)-- 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 firstname.lastname@example.org visiting http://brodsky-smith.com/479-rmtr-ramtron-international-corporation.html, by calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC
Jason L. Brodsky, Esquire
Evan J. Smith, Esquire
KEYWORDS: United States North America Pennsylvania
The article Law Office of Brodsky & Smith, LLC Announces Investigation of Ramtron International Corporation originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.