PALO ALTO, California (TheStreet) -- CPI International agreed to be acquired by an affiliate of Veritas Capital for $19.50 a share in cash, or $525 million.
The purchase price is a premium of about 35% over CPI's closing price Wednesday of...
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/CPI+Int%27l+%28CPII%29+Subsidiary+Wins+%243M+Contract+to+Design+and+Manufacture+Comm.+and+Defense+Apps/5993117.html for the full story.
Telecom equipment maker Comtech
Telecommunications said it has dropped plans to buy
smaller rival CPI International Inc for $472.3
million, which would have been its largest acquisition ever,
sending its shares up 5 percent in extended trade.
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