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Stock Market & Financial Investment News

News Breaks
February 1, 2013
09:56 EDTCSPINorth & Webster sends letter to CSP Inc. stockholders
North & Webster has sent a letter to the stockholders of CSP Inc. urging them to vote the GOLD Proxy card to support an open and transparent sale process for the company by electing North & Webster's director nominees, James Bussone, J.K. Hage III, Samuel A. Kidston, and Erik Thoresen. North & Webster beneficially owns 133,266 shares, representing approximately 4% of the company's outstanding common stock. N&W says "Instead of engaging with us, the Board decided to completely ignore us. The Board (1) refused to return any of our phone calls, (2) refused to meet with us, and (3) in a proxy filing made just two days after Christmas and with full notice of our intention to run a slate of directors at the 2013 Annual Meeting, set a retroactive record date and an annual meeting date window that we believe were designed to frustrate our ability to give you a choice of an alternate slate of directors at the 2013 Annual Meeting...We believe CSP is desperately in need of change. "
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