Gilat Satellite Networks Ltd.
(NASDAQ GS: GILT)
Attention investors who purchased shares of Gilat Satellite Networks Ltd. before January 29, 2020:
Rigrodsky & Long is investigating potential claims against the board of directors of Gilat Satellite Networks Ltd. concerning possible breaches of fiduciary duty and other violations of law related to the Company’s agreement to be acquired by Comtech Telecommunications Corp. for approximately $532.5 million.
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Gilat Satellite Networks Ltd. (“Gilat” or the “Company”) (NASDAQ GS: GILT) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Comtech Telecommunications Corp. (“Comtech”) (NASDAQ GS: CMTL) in a transaction valued at approximately $532.5 million. Under the terms of the agreement, shareholders of Gilat will receive $7.18 in cash and 0.08425 shares of Comtech common stock for each share of Gilat common stock they own. Upon closing, shareholders of Gilat will own approximately 16.1% of the combined company.
If you own common stock of Gilat and purchased any shares before January 29, 2020, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, please contact Seth D. Rigrodsky or Gina M. Serra toll-free at (888) 969-4242, by e-mail at email@example.com, or at https://www.rigrodskylong.com/offices-contact.
Rigrodsky & Long, P.A., with offices in Delaware, New York, and California, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in numerous cases nationwide, including federal securities fraud actions, shareholder class actions, and shareholder derivative actions.
Attorney advertising. Prior results do not guarantee a similar outcome.