Merger for Advanced Communications

Advanced Communications Technologies Inc. said Tuesday that its directors have tentatively approved a merger with an unidentified Nasdaq-listed company that would give ACT 90% control and a more readily available stock to trade.

The Irvine wireless communications company, whose stock is traded over the counter, would not release further details about the merger, except to say it is subject to a final agreement and government approvals.

The company also said it raised $40 million in an equity funding agreement to finance the merger. Its stock closed Tuesday at $3.63 a share, up 6 cents.