{"id":86959,"date":"2010-05-14T22:49:07","date_gmt":"2010-05-14T14:49:07","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/comtech-acquisition-looks-healthy-in-2010-second-quarter\/"},"modified":"2010-05-14T22:49:07","modified_gmt":"2010-05-14T14:49:07","slug":"comtech-acquisition-looks-healthy-in-2010-second-quarter","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/comtech-acquisition-looks-healthy-in-2010-second-quarter\/","title":{"rendered":"Comtech Acquisition Looks Healthy in 2010 Second Quarter"},"content":{"rendered":"<p>[05-14-10] <strong>CPI International<\/strong>, the microwave, radio frequency, power and control solutions provider set to be acquired by <strong>Comtech<\/strong>, reported 2010 second quarter revenues of $88 million, CPI announced May 13.<br \/>\n&nbsp;&nbsp;&nbsp; CPI reported top line growth of 8 percent, driven by double-digit growth in four out of five of its end-market segments. CPI\u2019s communications segment grew 15 percent from the same period in 2009, while its radar and electronic warfare division experienced a 3 percent sales decline due to order timing. The company\u2019s EBITDA for the quarter was $13.5 million, representing a 25 percent year-over-year increase, driven by higher shipment volumes and favorable Canadian dollar exchange rates. <br \/>\n&nbsp;&nbsp;&nbsp; Comtech announced May 11 that it would purchase CPI International for $372 million in cash and 4.4 million shares of Comtech stock in a transaction with a total enterprise value of $472.3 million. Comtech will repay all existing CPI debt upon the closing of the transaction. According to CPI, a $15 million break-up fee is associated with the agreement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[05-14-10] CPI International, the microwave, radio frequency, power and control solutions provider set to be acquired by Comtech, reported 2010 second quarter revenues of $88 million, CPI announced May 13. &nbsp;&nbsp;&nbsp; CPI reported top line growth of 8 percent, driven by double-digit growth in four out of five of its end-market segments. CPI\u2019s communications segment [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-86959","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/86959"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=86959"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/86959\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=86959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=86959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=86959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}