Ramtron rejects buyout offer

Filed under: AM Roundup |

Ramtron International Corp. has rejected an unsolicited bid from Cypress Semiconductor Corp. to buy the Colorado Springs Company.

The Denver Business Journal is reporting that Ramtron’s board of directors rejected the $2.48 per share bid for the company because they felt it didn’t adequately reflect Ramtron’s value.

Read more at the Denver Business Journal.