The company has extended the deadline from 3 August 2102 to 17 August 2012.
Cypress Semiconductor has extended its tender offer to acquire Ramtron International for $2.68 per share in cash.
The company has extended the deadline from 3 August 2102 to 17 August 2012.
Cypress Semiconductor offers to pay a 48% premium over Ramtron's closing price of $1.81 per share on 11 June 2012.
Ramtron had turned down the previous buyout offers from Cypress terming it not high enough.
In July 2012, Cypress Semiconductor had extended its offer up to 3rd August to buy out the company after the previous offer expired on 19 July.
US based fabless semiconductor firm Ramtron designs, develops and markets specialised semiconductor memory and integrated semiconductor solutions used range of product applications and markets.
The company posted revenue of $14.2m for the second quarter of 2012, compared to $16.8m for the same period 2011.
For the second quarter of 2012, the company posted a net income of $0.7m, or $0 per share, compared to a net loss of $0.68m or ($0.02) per share, for the same period a year ago.
Greenhill & Co. is acting as financial advisor to Cypress and dealer manager for the offer while Wilson Sonsini Goodrich & Rosati, Professional Corp., is acting as legal counsel.
