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Comtech Telecommunications Corp. (CMTL)

  • Dec. 9, 2014, 5:23 PM
    • Comtech (NASDAQ:CMTL): "After considering various strategic alternatives to enhance shareholder value, including a possible merger or sale of the Company, the Board has determined that the interests of the Company and its shareholders will be best served by the Company remaining independent."
    • The telecom equipment vendor originally launched a strategic review in August. Reuters reported at the time Comtech had "received preliminary expressions of interest."
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  • Aug. 25, 2014, 5:53 PM
    • Comtech (NASDAQ:CMTL) says it's "exploring strategic alternatives to enhance shareholder value, including a possible merger or sale of the Company."
    • No timetable has been set for finishing the review.  Shares are higher after coming off a halt.
    • Earlier: Comtech reportedly exploring sale, receives preliminary interest
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  • Aug. 25, 2014, 4:25 PM
    • Reuters reports Comtech (CMTL +4.8%) is "exploring a potential sale and has received preliminary expressions of interest in recent weeks."
    • Citi is said to be advising the telecom equipment maker, which has mulled a sale at times in the past. Shares spiked shortly before the close on the report.
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  • Oct. 1, 2013, 4:11 PM
    • ORBCOMM (ORBC +0.6%acquires Comtech's (CMTL +0.4%) Sensor Enabled Notification System operation, which includes satellite hardware, network tech, and web platforms focused on asset tracking. The unit has more than 20K subscribers globally. Terms were undisclosed.
    • The vertically-oriented acquisition also complements ORBCOMM's recent GlobalTrak acquisition, which uses SENS technology.
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  • Oct. 6, 2011, 9:29 AM
    Comtech (CMTL) +7.8% premarket, a day after Reuters reported several government contractors had expressed interest in a possible acquisition of the communications equipment maker. CMTL reportedly is working with Goldman Sachs for strategic advice in response to pressure from hedge fund MMI Investments.
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  • Oct. 5, 2011, 5:40 PM
    Comtech (CMTL) jumps 9.3% AH after Reuters reports of "takeover interest from several government contractors," citing sources. MMI Investments, an activist investor with a 3.3% stake in Comtech, has long pushed for a deal, and nominated two board members last week.
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Company Description
Comtech Telecommunications Corp is engaged in designing, developing, producing and marketing products, systems and services for advanced communications solutions.