Comtech Telecommunications Corp. moved closer to completing its $216.2 million acquisition of Radyne Corp., saying Monday that officials ended a regulatory waiting period early.
The communications equipment providers announced the deal last month, but were subject to a mandatory waiting period under the Hart-Scott-Rodino Antitrust Improvements Act. Comtech is offering Radyne shareholders $11.50 per share in a tender offer.
The closure of the deal remains subject to other closing conditions. Comtech's tender offer is set to expire July 15.
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