CPI International Inc., whose plans to be purchased by Melville-based Comtech Telecommunications Corp. were scrapped in September, has a new buyer.

CPI International, based in Palo Alto, has agreed to be bought by a private-equity firm.
 
Shares soared on Friday more than 33 percent. (Scroll toward the end.)

--------------------
Read more of Inside Long Island Business

Latest on Legionnaires' in NYC ... Removing LIRR grade crossings ... Mets report card at All-Star break Credit: Newsday

Dangerous heat ... Cyclospora cases to increase ... America 250: Manor of St. George ... Mets report card at All-Star break

Latest on Legionnaires' in NYC ... Removing LIRR grade crossings ... Mets report card at All-Star break Credit: Newsday

Dangerous heat ... Cyclospora cases to increase ... America 250: Manor of St. George ... Mets report card at All-Star break

SUBSCRIBE

Unlimited Digital AccessOnly 25¢for 6 months

ACT NOWSALE ENDS SOON | CANCEL ANYTIME