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DSPT |
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The transaction will be accounted for as a pooling of interests and provides for the tax-free exchange of 2,077,000 shares of MTS common stock for all DSPT outstanding common stock and net share equivalents of outstanding DSPT stock options. In January 1999, DSPT announced that it would restructure its operations and consolidate Transportation Group manufacturing, sales and service, currently located in three separate leased facilities, into a 57,000-square-foot building in Ann Arbor. 31, 1998, DSPT reported net income of $609,000, or 23 cents per diluted share, on net sales of $6,234,000. |
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