Shareholder Gets Chance To Halt $110M Ramtron Deal

Law360, Wilmington (November 5, 2012, 9:33 PM EST) -- A putative class action targeting Ramtron International Corp.'s $110 million takeover by a rival chipmaker got placed on the fast track Monday as a Delaware state judge agreed to schedule a preliminary injunction hearing Nov. 19, one day before shareholders are set to vote on the deal.

Announced in September, Cypress International Semiconductor Corp.'s $3.10-per-share tender offer already had garnered approval from 78 percent of Ramtron shareholders, but plaintiff Paul Dent claimed the proxy statement lacks information critical to still-undecided investors and sought to expedite the...
To view the full article, register now.