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News Breaks | | | | February 12, 2013 | | 06:33 EDT |  | CSPI | North & Webster withdraws CSP Inc. proxy contest
North & Webster, LLC announced that it has withdrawn its proxy contest with CSP Inc. in light of the company's recent statements in both a recent release and earnings conference call that following the 2013 Annual Meeting the company will "prudently consider" and "turn to" North & Webster's $7 per share offer to acquire the company. North & Webster's primary purpose for conducting this proxy contest was in furtherance of urging the Board to immediately commence meaningful discussions with North & Webster or announce a sale process, and in light of these recent statements believes it is no longer necessary to run a contested slate of directors. North & Webster remains as determined as ever to negotiate and consummate a value-maximizing transaction and looks forward to engaging in discussions with the Board around its $7 acquisition proposal upon the conclusion of the 2013 Annual Meeting. | |
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News For CSPI From The Last 14 Days Check below for free stories on CSPI the last two weeks. |
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| May 8, 2013 | | 10:01 EDT |  | CSPI | CSP Inc. rises 19.9%
CSP Inc. is up 19.9%, or $1.16, to $6.99 | |
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