CPI Surges; Announces Its Acquisition By Veritas Capital

CPI International, Inc. (NASDAQ:CPII) shares are currently trading at $19.28, a
spike of 33.24% from previous closing price of $14.47. The company's shares
have 52-week trading range of $16.20 $9.27. The stock is trading at volume of
208,962 shares. The market capitalization of the company is $324.1 million.
Today, the company announced its merger agreement under which CPI International
will be acquired by an affiliate of Veritas Capital for $19.50 per share in
cash.  The purchase price reflects a premium of approximately 35% over the
closing price of CPI common stock on November 24, 2010, and 38% over the average
closing price of the CPI common stock for the 90 days ending November 24,
2010.  The transaction is valued at approximately $525 million. CPI
International is a provider of microwave, radio frequency, power and control
products for critical defense, communications, medical, scientific and other
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