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Comtech Completes Estimated $431M Purchase of TCS; Stanton Sloane Comments

Comtech Telecommunications (Nasdaq: CMTL) has wrapped up its acquisition of TeleCommunication Systems for approximately $430.8 million in cash. TCS stockholders secured cash of $5.00 per share as the company’s common stock ceased trading on the Nasdaq Global Market at market close Tuesday following the completion of the purchase, Comtech said Tuesday. Comtech …

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