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Market Chatter: Gilat Satellite in Advanced Talks to

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Alvie Member Level  Tuesday, 01/21/20 12:06:15 PM
Re: fivexshot post# 260
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Market Chatter: Gilat Satellite in Advanced Talks to Be Acquired for $579 Million
BY MT Newswires
— 3:11 AM ET 01/21/2020

03:11 AM EST, 01/21/2020 (MT Newswires) -- Israel-based Gilat Satellite Networks ( GILT) is in advanced talks to be acquired by a "large multinational" for NIS2 billion ($578.6 million), the newspaper Calcalist reported Sunday, citing two people familiar with the matter.
The deal's value reflects a 25% premium above the price the stock began trading at Sunday in Tel Aviv, according to the report.
The company's stock closed at $9.15 on Nasdaq on Friday and was trading 4.3% higher after hours.

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