Com Dev Soars Most Since 2003 on Talks With Possible Buyers

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Com Dev International Ltd. said it is in talks with possible buyers, sending shares of the Canadian maker of satellite parts up the most in 12 years.

Canaccord Genuity Group Inc. is assisting in the discussions, which are continuing, Com Dev said. The company didn’t name any potential suitors and said it won’t make any further comment unless there is a transaction to announce.