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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...

NTT DOCOMO Awards Gilat an LTE Satellite Backhaul Project to Expand Its LTE Footprint Gilat in partnership with JSAT to provide NTT DOCOMO a solution to extend rural coverage PR Newswire PETAH TIKVA, Israel, Sept. 3, 2019 PETAH TIKVA , Israel , Sept. 3, 2019 /PRNewswire/ -- Gilat Satellite Networks Ltd. (NASDAQ: GILT) (TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announced today that NTT DOCOMO, INC., the largest mobile carrier in Japan , awarded...

Gilat Reports Continued Profitability Growth in Q2 2019 GAAP Operating Income increases 17.9% Year-over-Year; GAAP Net Income Increased 58%; Adjusted EBITDA totals $8.9 million PR Newswire PETAH TIKVA, Israel, Aug. 6, 2019 PETAH TIKVA , Israel , Aug. 6, 2019 /PRNewswire/ -- Gilat Satellite Networks Ltd. (NASDAQ:GILT) (TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, today reported its results for the second quarter ended June 30, 2019 . Key Financial...

Gilat Will Provide Aero Antennas With Initial Agreement for Tens of Millions of Dollars to a Tier-1 Business Aviation Service Provider Gilat will provide its market leading tail-mount antenna to business jets, expanding its aero offering into the business aviation market PR Newswire PETAH TIKVA, Israel, Aug. 5, 2019 PETAH TIKVA , Israel , Aug. 5, 2019 /PRNewswire/ -- Gilat Satellite Networks Ltd. (NASDAQ: GILT) (TASE: GILT), a worldwide leader in satellite networking technology, solutions and...

Gilat Achieves Critical Milestone in Peru With Approval to Enter Operational Phase, Unlocking Access to Revenue of ~$12M Per Annum From Telecom Project Awarded in 2015 Gilat's network to provide broadband internet services to over half a million people in the regions of Huancavelica, Ayacucho & Apurimac PR Newswire PETAH TIKVA, Israel, July 29, 2019 PETAH TIKVA , Israel , July 29, 2019 /PRNewswire/ -- Gilat Satellite Networks Ltd. (NASDAQ: GILT) (TASE: GILT), a worldwide leader in satellite...

Globe Awards Gilat a Three-year Multi-million US Dollar Contract for Delivering Satellite Based WiFi in Addition to Cellular Backhaul Services Gilat's multi-service platform expanded to include Globe's provision of WIFI service over satellite to schools and hospitals throughout the Philippines PR Newswire PETAH TIKVA, Israel, July 9, 2019 PETAH TIKVA , Israel , July 9, 2019 /PRNewswire/ -- Gilat Satellite Networks Ltd. (NASDAQ: GILT) (TASE: GILT), a worldwide leader in satellite networking...

Gilat to Report Second Quarter 2019 Results on August 6 PR Newswire PETAH TIKVA, Israel, July 8, 2019 PETAH TIKVA , Israel , July 8, 2019 /PRNewswire/ -- Gilat Satellite Networks Ltd. (NASDAQ: GILT) (TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, today announced that it will release its second quarter 2019 financial results on Tuesday, August 6, 2019 . Conference Call and Webcast Following the release, Yona Ovadia , Chief Executive Officer, and Adi...

Gilat Reports Continued Growth in Profitability in Q1 2019 PR Newswire PETAH TIKVA, Israel, May 14, 2019 PETAH TIKVA , Israel , May 14, 2019 /PRNewswire/ -- Gilat Satellite Networks Ltd. (NASDAQ: GILT) (TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, today reported its results for the first quarter ended March 31, 2019 . Key Financial Highlights: Revenues for Q1 2019 totaled $62.1 million compared with $67.4 million for Q1 2018. Continued strong...

Honeywell Selects Gilat's Aero Modem for its JetWave Satellite Communication Solution Gilat's aero-modem to enable regional IFC services starting with China PR Newswire PETAH TIKVA, Israel, May 13, 2019 PETAH TIKVA , Israel , May 13, 2019 /PRNewswire/ -- Gilat Satellite Networks Ltd. (NASDAQ: GILT) (TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announced today that Honeywell has selected Gilat's Taurus IFC modem for its JetWave™ satellite...

Gilat Announces First Ever Successful Demonstration of 5G Connectivity Over a LEO Satellite, Powered by Gilat Using Telesat's Phase 1 LEO Test conducted by tier-1 European operator at the University of Surrey's 5G Innovation Centre, demonstrating 5G backhauling over LEO with Gilat's modem PR Newswire PETAH TIKVA, Israel, May 7, 2019 PETAH TIKVA , Israel , May 7, 2019 /PRNewswire/ -- Gilat Satellite Networks Ltd. (NASDAQ: GILT) (TASE: GILT), a worldwide leader in satellite networking technology,...

Gilat to Report First Quarter 2019 Results on May 14 PR Newswire PETAH TIKVA, Israel, April 18, 2019 PETAH TIKVA , Israel , April 18, 2019 /PRNewswire/ -- Gilat Satellite Networks Ltd. (NASDAQ: GILT) (TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, today announced that it will release its first quarter 2019 financial results on Tuesday, May 14, 2019 . Conference Call and Webcast Following the release, Yona Ovadia , Chief Executive Officer, and Adi...

TIM Brasil Selects Gilat's Satellite Backhaul to Enable 4G Services for the Agriculture IoT Business Initial forecast calls for one thousand Gilat VSATs to complement "4G TIM in the Field" cellular coverage program PR Newswire RIO DE JANEIRO and PETAH TIKVA, Israel, April 1, 2019 RIO DE JANEIRO and PETAH TIKVA , Israel , April 1, 2019 /PRNewswire/ -- TIM Brasil, a leading mobile operator with the largest 4G coverage in Brazil , and Gilat Satellite Networks Ltd. (NASDAQ: GILT) (TASE: GILT), a...

Gilat Declares a $25 Million Cash Dividend Gilat files 2018 Annual Report PR Newswire Petah Tikva, ISRAEL, March 18, 2019 Petah Tikva , ISRAEL , March 18, 2019 /PRNewswire/ -- Gilat Satellite Networks Ltd. (NASDAQ: GILT) (TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announced today that, in line with its announcement on February 12, 2019 , the Board of Directors has declared a cash dividend to shareholders in the amount of $0.45 per share...

Gilat Reports Strong Growth in Profitability in Q4 2018 and Fiscal Year 2018, Targets Continued Strong Growth in 2019 Board expects to declare $25 million cash dividend PR Newswire PETAH TIKVA, Israel, Feb. 12, 2019 PETAH TIKVA , Israel , Feb. 12, 2019 /PRNewswire/ -- Gilat Satellite Networks Ltd. (NASDAQ: GILT) (TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, today reported its results for the fourth quarter and full year ended December 31, 2018 ....