Satellite News

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Comtech, Gilat terminate merger agreement

Submit on Monday, October 5th, 2020 22:54

Comtech Telecommunications Corp. and Gilat Satellite Networks Ltd. announced that the companies have agreed to terminate the merger agreement first announced on 29 January 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 US$70.0 million to Gilat.

This entry was posted on Monday, October 5th, 2020 at 10:54 pm and is filed under LAW & ORDER. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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