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...
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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.
MELVILLE, N.Y. and PALO ALTO, Calif., Sept. 7, 2010 (GLOBE NEWSWIRE) -- Comtech Telecommunications Corp. (Nasdaq:CMTL) and CPI International, Inc. (Nasdaq:CPII) today announced that, effective as of September 7, 2010, they have terminated the
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