Gilat Satellite Networks Ltd.
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GILAT SATELLITE MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF GILAT SATELLITE NETWORKS LTD. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – GILT
January 29, 2020.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Gilat Satellite Networks Ltd. (NASDAQ: GILT) to Comtech Telecommunications Corp. (“Comtech”) for $10.25 per Gilat ordinary share of which 70% will be paid in cash and 30% in Comtech common stock is fair to Gilat shareholders. On behalf of Gilat shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
The Gilat merger investigation concerns whether Gilat and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to: (1) obtain the best possible price for Gilat shareholders; (2) determine whether Comtech is underpaying for Gilat; and (3) disclose all material information necessary for Gilat shareholders to adequately assess and value the merger consideration.
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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