SAN JOSE, Calif. (AP) — Cypress Semiconductor Corp. said Wednesday that it completed its initial tender offer for shares of chipmaker Ramtron International Corp.

A total of 23.3 million shares had been tendered by the time the initial offering period expired on Tuesday. Together with the shares already owned by Cypress, the company now owns about 70 percent of Ramtron’s outstanding stock. An additional 559,785 shares were tendered subject to guaranteed delivery procedures, representing about 2 percent of the company’s stock, Cypress said.

Recommended Stories

Corning, Deckers, Cracker Barrel are market movers

3M buying Ceradyne for about $847 million

FTC waives waiting period for Linde Group deal