Ramtron International Investor Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to Cypress Semiconductor
20 Settembre 2012 - 7:16PM
Business Wire
Former United States Securities and Exchange Commission attorney
Willie Briscoe and the securities litigation firm of Powers Taylor,
LLP are investigating the sale of Ramtron International Corp.
(“Ramtron”) (NASDAQGM: RMTR) to Cypress Semiconductor for
shareholders. Under the proposed transaction, Ramtron shareholders
will receive only $3.10 in cash for each share of Ramtron stock
owned (well below at least one analyst’s estimate of $4.00 per
share) in a deal valued at approximately $110 million.
If you are an affected investor, and you want to learn more
about the lawsuit or join the action, contact Patrick Powers at
Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at
patrick@powerstaylor.com, or Willie Briscoe at The Briscoe Law
Firm, PLLC, (214) 706-9314, or via email at
WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.
The investigation centers on whether Ramtron shareholders are
receiving adequate compensation for their shares in the buyout,
whether the transaction undervalues Ramtron stock, and whether
Ramtron’s board attempted to obtain the highest share price for all
shareholders prior to agreeing to the deal. According to at least
one analyst with Yahoo! Finance, the true inherent value of Ramtron
shares could be as high as $4.00 per share, well above the proposed
sale price. Shareholder rights attorney Willie Briscoe stated that
“due to the proposed sale price, we believe that the transaction
may undervalue Ramtron stock. Our lawsuit will seek to obtain the
highest share price for all shareholders.”
The Briscoe Law Firm, PLLC is a full service business litigation
and shareholder rights advocacy firm with more than 20 years of
experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that
handles a variety of complex business litigation matters, including
claims of investor and stockholder fraud, shareholder oppression,
shareholder derivative suits, and security class actions.
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