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From Times Staff and Wire Reports

MDT Corp. Board Reelected: The Torrance-based maker of medical equipment sterilizers, whose board was the target of a no-confidence vote at its annual meeting, said preliminary figures show 68% of shareholder votes cast were in favor of the board. Still, the 32% disapproval rate is extraordinarily high for a public company. Andrew Shapiro, the San Francisco-based money manager who led dissident shareholders, said the no-confidence vote was aimed at spurring MDT’s board to take steps to restore flagging sales and earnings growth. At the meeting, MDT executives noted that they had announced new restructuring steps this week. They also said they would explore other shareholder proposals, including adding new directors. Shares of MDT, which had sales of $137 million last year, fell 19 cents to $4.75 on Nasdaq.

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