Melville, New York-based Comtech said its board of directors is working with the company’s independent advisers to evaluate the non-binding takeover proposal.
Goldman Sachs serves as the communications technology vendor’s exclusive financial adviser on the offer evaluation while Proskauer Rose and Sidley Austin act as its legal advisers.
Acacia Research is headquartered in Irvine, California, and seeks to purchase businesses within the technology, life sciences and financial services industries.
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