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Comtech Parries Proxy Challenge With $100M Investment


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...

Mentions: Investment Management technology