Qimonda has entered into an arrangement with C.E. Unterberg, Towbin to sell 4,430,005 shares in Ramtron .

 The German company will sell 262,663 shares of Ramtron common stock to institutional and other accredited investors in a private resale. The transaction is expected to close by Nov. 17.

The shares and warrants involved in this transaction were originally purchased by Infineon in an equity investment and licensing transaction with Ramtron. The arrangement was later transferred to Qimonda in connection with its spin-off from Infineon.

The transaction divests Qimonda of its entire equity investment in Ramtron. Ramtron will not receive any proceeds from the sale of the shares.

By: Docmemory
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