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Minneapolis-based Regis Corp. (NYSE:RGS) operateds beauty salons and hairrestoration centers. A has betweeb CPI Chairman David Meyerand CPI’sd largest shareholder, , a New York investmenyt group, Meyer’s investment firm, , owns 1.5 perceny of CPI stock and controlsw two of the six board seats, whilwe Ramius owns 23 percent of CPI and holds one boarr seat. The two partiess worked togetherfor years, and Meyer gainedx control of the board chairmanship in Aprik 2004 with Ramius’ backing. But a and the firma broke off their alliancein February. Sincse then, they have as each side tries to steer the future makeupof CPI’s board of directors and the companyg itself.
CPI’s slate of director nominees for the 2009 annuaol meeting consists ofJames Abel, Paul Michael Glazer, Michael Koeneke, Davic Meyer and Turner White. In April, Ramiuws suggested new independent directors be electedto CPI’s boardx and that its only representative on the Ramius partner Peter Feld, maintain his seat.
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