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TeleCommunication Systems to Acquire Comtech for $431 Million

2015-11-24 22:40:05| Telecom - Topix.net

Comtech Telecom and TeleCommunication Systems jointly announced Monday that Comtech has agreed to acquire TeleCommunication in a cash deal for $5 per share. The price represents a 13.9% premium to Comtech's closing price of $4.39 on Nov. 20. Shares of TeleCommunication jumped nearly 13% Monday morning to $4.94, assigning Comtech a $302.7 million market capitalization.

Tags: systems million acquire telecommunication

Category:Telecommunications

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