Comtech Telecom (CMTL) Issues Statement Following Letter From Outerbridge Capital Management LLC

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Go back to Comtech Telecom (CMTL) Issues Statement Following Letter From Outerbridge Capital Management LLC

Comtech Comments on Letter From Shareholder

October 6, 2021 5:00 PM EDT

MELVILLE, N.Y.--(BUSINESS WIRE)-- October 6, 2021 -- Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, today confirmed receipt of a letter from Outerbridge Capital Management LLC.

The Company issued the following statement:

Comtech maintains regular dialogue with investors, and we are focused on executing our strategic plan to create long-term value for shareholders and all stakeholders. While we disagree with Outerbridges assessment of our business and are disappointed by their latest comments, our Nominating and Governance Committee continues to... More