Comtech Telecommunications to Acquire CPI

Skadden is representing Comtech Telecommunications Corp., which announced the signing of a definitive merger agreement with CPI International, Inc., under which Comtech will purchase CPI in a cash and stock transaction. The deal, announced May 10, has an enterprise value of approximately $472.3 million. CPI is the parent company of Communications & Power Industries, Inc., a provider of microwave, radio frequency, power and control solutions for defense, communications, medical, scientific and other applications. Comtech designs, develops, produces and markets innovative products, systems and services for advanced communications solutions.