The Globe and Mail reports in its Thursday edition that unnamed sources say Com Dev International ($5.69) is in talks to sell itself. A Reuters dispatch to The Globe reports that it has a market cap of $344-million. Sources say Com Dev is working with Canaccord Genuity Group on an auction process that is near conclusion. Sources say Comtech Telecommunications, Honeywell, L-3 Communications Holdings and Thales are among the companies that were approached by Com Dev about a potential deal. Based in Cambridge, Ont., Com Dev designs and manufactures technology equipment sold to major spacecraft builders for use in communications, space science and remote sensing. It has facilities in Canada, Britain, the United States, India and China. Com Dev's majority-owned subsidiary, exactEarth Ltd., provides satellite information services for global maritime surveillance. Last summer Com Dev postponed an initial public offering of exactEarth citing challenging conditions in the capital markets. The Globe reported on Sept. 9, 2014, that analysts were bearish on Com Dev. It was then worth $3.71. Despite the overwhelming negative sentiment Com Dev began a steady ascent to its 52-week high of $6.22, which it set in July.