Comtech Telecommunications Corp. to Acquire Gilat Satellite Networks for $532.5 Million in a Strategic and Cash Accretive Transaction
Gilat Satellite Networks Ltd. - Ordinary Shares (GILT)
US:NASDAQ Investor Relations:
gilat.com/investor-relations
Company Research
Source: GlobeNewswire
The transaction reflects a company value of approximately $577.3 million MELVILLE, N.Y., and PETAH TIKVA, Israel, Jan. 29, 2020 (GLOBE NEWSWIRE) -- 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 worldwide leader in satellite networking technology, solutions and services with market leading positions in the satellite ground station and in-flight connectivity solutions markets and deep expertise in operating large network infrastructures. Based on Comtech’s fiscal year 2019 actual results and Gilat’s trailing twelve-month results through June 30, 2019, on a pro-forma basis, Co
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News
- Retail investors who hold 52% of Gilat Satellite Networks Ltd. (NASDAQ:GILT) gained 11%, institutions profited as well [Yahoo! Finance]Yahoo! Finance
- Bull Of The Day: Gilat Satellite Network (GILT) [Yahoo! Finance]Yahoo! Finance
- Here is Why Growth Investors Should Buy Gilat (GILT) Now [Yahoo! Finance]Yahoo! Finance
- Earnings Estimates Rising for Gilat (GILT): Will It Gain? [Yahoo! Finance]Yahoo! Finance
- Gilat Satellite (GILT) Just Flashed Golden Cross Signal: Do You Buy? [Yahoo! Finance]Yahoo! Finance
GILT
Earnings
- 11/13/24 - Beat
GILT
Sec Filings
- 12/12/24 - Form 6-K
- 11/14/24 - Form SC
- 11/13/24 - Form 6-K
- GILT's page on the SEC website