Outerbridge continues to mislead and publicize false information rather than offering any path to long-term commercial value creation
Outerbridge’s director nominees are unqualified and we believe their election would destroy shareholder value
Comtech’s presentation correcting Outerbridge’s false and misleading statements, along with supplemental information and other stockholder materials, are available at www.ComtechCreates.com
Comtech reminds stockholders to vote "FOR" Comtech’s highly experienced director nominees on the BLUE proxy card
MELVILLE, N.Y., December 06, 2021--(BUSINESS WIRE)--December 6, 2021-- Comtech Telecommunications Corp. (NASDAQ: CMTL) ("Comtech" or "the Company"), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, today announced that it has filed a presentation containing supplemental investor information with the Securities and Exchange Commission ("SEC") regarding false, misleading and incorrect statements contained in an Outerbridge Capital Management presentation filed with the SEC on December 1, 2021. This presentation and other stockholder materials and information are available at www.ComtechCreates.com.
Outerbridge is a hedge fund that is in the process of fundraising for a dedicated activist fund, and a significant portion of its holdings consist of very short-term call options. Both of these factors create incentives for it to pursue strategies that are not in the best...
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