We believe that this all-cash transaction, which has been unanimously approved by our Board of Directors, is compelling for Ramtron and its stockholders.
Ramtron did say that in consultation with financial and level advisors, it is exploring strategic alternatives, including potential joint ventures, the sale of the company or continuing with current growth plans.
It has been about two years since I first approached you about a possible transaction between our two companies and over a year since we delivered a formal proposal to acquire Ramtron.