Comtech to acquire Gilat Satellite Networks
Submit on Thursday, January 30th, 2020 22:57
Comtech Telecommunications Corp. and Gilat Satellite Networks Ltd. jointly announced that Comtech has agreed to acquire Gilat in a cash and stock transaction for US$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 US$532.5 million.
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