Activist investor challenges Melville satellite equipment maker - NewsBreak

An activist investor has laid down a proxy challenge to Comtech Telecommunications Corp., a maker of equipment for 911 emergency dispatch systems and satellite communications. Outerbridge Capital Management LLC announced it is nominating three independent candidates to the board of the Melville company. The Manhattan investment firm also issued an open letter repeating earlier criticism about the "long stagnation" of Comtech's shares compared to the Russell 2000 Index of small-capitalization stocks.