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Comtech Telecommunications Corp. to Acquire TCS for $430.8 Million in a Strategic and Cash Accretive Transaction - 12/02/2015

Comtech Telecommunications Corp. (NASDAQ: CMTL or “Comtech”) and TeleCommunication Systems, Inc. (NASDAQ: TSYS or “TCS”) jointly announced today the signing of a definitive merger agreement under which Comtech will purchase TCS in a cash transaction for $5.00 per TCS share, or approximately a $430.8 million enterprise value. Read full press release.

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