York Capital Opts To Convert $70.4 Million Loan Into Gilat Equity
Submit on Thursday, September 28th, 2006 11:00
Gilat Satellite Networks Ltd. announced Sept. 27 that York Capital Management has exercised its option to convert all of its $70.4 million loan, plus accrued interest of about $1 million, into 10.6 million shares of Gilat. After the conversion…
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