GILAT SATELLITE NETWORKS overview

OCTOBER 5, 2020 5:30AM EST -- Comtech Telecommunications Corp. (Nasdaq: CMTL) (“Comtech”) and Gilat Satellite Networks Ltd. (Nasdaq: GILT; TASE: GILT) (“Gilat”) announced today that the companies have agreed to terminate the merger agreement first announced on January 29, 2020 and have settled all pending litigation in the Delaware Court of Chancery. In connection with the termination and settlement agreement, Comtech has agreed to make a payment of $70.0 million to Gilat. The merger...

July 8, 2020-- Comtech Telecommunications Corp. (NASDAQ: CMTL) and its wholly owned subsidiary, Convoy Ltd. (together, “Comtech”) announced today that on July 7, 2020 it filed a complaint in the Delaware Court of Chancery against Gilat Satellite Networks Ltd. (“Gilat”). The complaint relates to the Agreement and Plan of Merger (the “Merger Agreement”) dated January 29, 2020 between Gilat and Comtech providing for the acquisition of Gilat by Comtech and seeks a declaratory judgment...

SHAREHOLDER ALERT: WeissLaw LLP Investigates Gilat Satellite Networks Ltd. PR Newswire NEW YORK, March 12, 2020 NEW YORK , March 12, 2020 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Gilat Satellite Networks Ltd. ("GILT" or the "Company") (NASDAQ: GILT) in connection with the proposed acquisition of the Company by Comtech Telecommunications Corp. ("CMTL") (NASDAQ: CMTL). Under the terms of the...

Bragar Eagel & Squire, P.C. Announces that it Is Investigating the Boards of Directors of CenterState Bank, Delphi Technologies, Gilat Satellite Networks, and Stein Mart on behalf of Stockholders and Encourages Investors to Contact the Firm PR Newswire NEW YORK, Feb. 4, 2020 NEW YORK , Feb. 4, 2020 /PRNewswire/ -- Bragar Eagel & Squire, P.C. announces to investors that it is investigating potential claims on behalf of stockholders of CenterState Bank Corporation (NASDAQ: CSFL), Delphi...

SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of Gilat Satellite Networks Ltd. - GILT PR Newswire NEW YORK, Jan. 31, 2020 NEW YORK , Jan. 31, 2020 /PRNewswire/ -- Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New York City , is investigating Gilat Satellite Networks Ltd. ("Gilat" or the "Company") (Nasdaq: GILT) relating to the sale of the Company to Comtech...

Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Gilat Satellite Networks Ltd. (NasdaqGS: GILT) to Comtech Telecommunications Corp. (NasdaqGS: CMTL). Under the terms of the proposed transaction, shareholders of Gilat will receive only $7.18 in cash and 0.08425 shares of Comtech for each share of Gilat that they own. KSF is seeking to determine whether this consideration and the process...

January 29, 2020 7:00 A.M. ET -- Comtech Telecommunications Corp. (Nasdaq: CMTL) (“Comtech”) and Gilat Satellite Networks Ltd. (Nasdaq: GILT; TASE: GILT) (“Gilat”) jointly announced today that Comtech has agreed to acquire Gilat in a cash and stock transaction for $10.25 per Gilat ordinary share of which 70% will be paid in cash and 30% in Comtech common stock, resulting in an enterprise value of approximately $532.5 million. Founded in 1987 with its headquarters in Israel, Gilat is a...