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CMTL - Comtech surges after report of $790M bid from Acacia Research
Comtech Telecommunications Corp.
Comtech Telecommunications (NASDAQ:CMTL) jumped 23% in premarket trading on a report that Acacia Research (NASDAQ:ACTG) made a $30/share offer for the company. The bid represents a 39% premium to Comtech's closing share price on Friday, according to a Reuters report. There's no certainty Comtech will engage in talks with Acacia (ACTG). Developing story ...