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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GILT
News
- Gilat to Participate in the 19th Annual Needham Technology, Media & Consumer Conference on May 15, 2024GlobeNewswire
- Satellite Ground Station Equipment Global Strategic Industry Report 2024: Market to Surpass $125 Billion by 2030, Increase in Space Exploration Missions Drive New Satellite Launches and Opportunities [Yahoo! Finance]Yahoo! Finance
- Gilat to Report First Quarter 2024 Results on May 8th [Yahoo! Finance]Yahoo! Finance
- Gilat to Report First Quarter 2024 Results on May 8thGlobeNewswire
- Gilat Satellite Networks Ltd. (NASDAQ: GILT) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
GILT
Sec Filings
- 5/2/24 - Form 6-K
- 5/2/24 - Form 6-K
- 4/26/24 - Form SC
- GILT's page on the SEC website