Comtech parries proxy challenge with $100M investment - NewsBreak
By Ulises in Business
Updated 3 years ago
Comtech Telecommunications Corp., facing a proxy challenge, Monday announced a $100 million deal with investors aligned with incumbent management and plans to expand the board of directors. Shares of Melville-based Comtech, with a market capitalization of about $616 million, fell 3.6% to $23.39 in midday trading Monday. The deal calls...