Comtech Telecommunications Corp. (Nasdaq:CMTL) today confirmed that it is exploring strategic alternatives to enhance shareholder value, including a possible merger or sale of the company.
The company regularly considers a broad range of strategic alternatives with the goal of maximizing shareholder value. The company has not set a definitive timetable for completion of its evaluation and it does not intend to discuss or disclose further information regarding the status of its evaluation unless required by law, according to a statement.
Comtech has retained Citi as its financial advisor and Proskauer Rose LLP as its legal advisor.
Comtech conducts business through three complementary segments: telecommunications transmission, RF microwave amplifiers and mobile data communications. The company sells products to a diverse customer base in the global commercial and government communications markets.
