je.st
news
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
Latest from this category |
All news |
||||||||||||||||||||
|
|
||||||||||||||||||||