	cts cts and dynamics dya reach accord cts corp and dynamics corp of america reached an agreement resolving all outstanding differences between them according to a joint statment as a result of the settlement a special committee of the board of directors of cts stopped soliciting offers to buy all or part of the company it said cts and dca also agreed to dismiss all pending litigation between the two companies except for one appeal pending before the u s supreme court relating to the indiana control share chapter it said under the agreement the cts board will immediately be reduced to seven from eight with four current directors and three representatives of dca being elected to the board it said this board will be presented as the slate for cts annual shareholders meeting it added cts directors will recommend to shareholders that they approve reimbursement to dca of about mln dlrs in expenses relating to cts and grant dca an option to buy up to pct of cts shares it said in addition dca said it agreed to limit its ownership in cts for the year following the annual meeting to not more than pct of the outstanding stock dca currently holds pct of the outstanding shares of cts both companies said they support the agreement and believe it to be fair to both sides reuter 
