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  "documentTitle": "Outerbridge Comtech Presentation November 2021",
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  "presentationDate": "2021-11-01 00:00:00",
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  "pageNumber": 69,
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  "notes": "The slide uses a stacked bar chart to emphasize the spike in acquisition expenses in 2021 due to the Gilat termination fee.",
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      "kind": "chart",
      "text": "Acquisition Plan Expenses - Consolidated (Millions)",
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      "text": "Shareholder Concerns: Over the past decade, Acquisition Plan Expenses had been modest until the failed acquisition of Gilat, which resulted in a $70 million termination fee.",
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      "text": "Comtech's \"Strategic\" Rationale for PIPE (continued): Execute on a disciplined strategy of acquiring and integrating complementary technologies and capabilities to create shareholder value.",
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      "text": "Source: Company filings",
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      "text": "Acquisitions table showing UHP, NG 911, Gilat, CGC, General Dynamics, Solacom, and TeleCommunication Systems.",
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      "text": "Given Comtech's Failed Track Record with Significant Transactions, the Board Cannot be Trusted to Carry Out More Large-Scale M&A",
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