Comtech Telecommunications Corp (CMTL.OQ) Key Developments |
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Comtech Telecommunications Corp confirms it is exploring strategic alternatives

Monday, 25 Aug 2014 05:21pm EDT 

Comtech Telecommunications Corp:Confirmed, in response to media reports, that it is exploring strategic alternatives to enhance shareholder value, including possible merger or sale of Company.Company regularly considers broad range of strategic alternatives with the goal of maximizing shareholder value.There can be no assurance that any transaction or other strategic change will occur as result of current exploration of alternatives.Company has not set definitive timetable for completion of evaluation and it does not intend to discuss or disclose further information regarding the status of evaluation unless required by law.Company has retained Citi as its financial advisor and Proskauer Rose LLP as its legal advisor in connection with the foregoing.