Comtech Telecommunications confirms strategic alternatives exploration

Comtech Telecommunications Corp. (NASDAQ: CMTL) said it has confirmed media reports that it is exploring strategic alternatives to enhance shareholder value, including a possible merger or sale of the company.

The company said it regularly considers a broad range of strategic alternatives with the goal of maximizing shareholder value and that it has not set a definitive timetable for completion of its evaluation.

The company has retained Citi as its financial advisor and Proskauer Rose LLP as its legal advisor in connection with the search.

Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions.

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