The FT reports that Integral Systems, of Columbia, Md., has hired an adviser as it evaluates a possible sale to several potential buyers including Comtech.
The FT story was based on a report by the subscription-only trade publication dealreporter.com.
Comtech had been dealt a setback in September after its planned $472.3-million agreement to buy Palo Alto, Calif.-based CPI International Inc. fell through. With the cancellation Comtech got a termination fee of $15 million from CPI. Comtech had planned to fund the acquisition with $372 million in cash and by issuing 4.4 million shares of Comtech common stock.
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