Microwave Journal
www.microwavejournal.com/articles/25685-comtech-receives-antitrust-clearance-for-telecommunication-systems-inc-acquisition

Comtech receives antitrust clearance for TeleCommunication Systems Inc. acquisition

December 21, 2015

Comtech Telecommunications Corp. announced that the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR) with respect to the previously announced tender offer by its direct wholly owned subsidiary, Typhoon Acquisition Corp., for all outstanding shares of common stock of TeleCommunication Systems Inc. at a price of $5.00 per share, net to the seller in cash, without interest and less required withholding taxes and subsequent merger of Typhoon Acquisition Corp. with TCS terminated on December 18, 2015.

The termination of the HSR waiting period satisfies one of the conditions to the closing of the pending acquisition, which remains subject to other customary closing conditions. The tender offer is scheduled to expire at midnight EDT, at the end of the day on Tuesday, January 5, 2016, unless extended.