Gilat Issues Statement Regarding Lawsuit Filed by Group of Israeli Shareholders Nov 12, 2009 01:31PM

PETAH TIKVA, Israel, Nov. 12, 2009 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT), a worldwide leader in satellite networking technology, solutions and services, today reported that a lawsuit was filed in the central district court in Israel by eight individuals and Israeli companies against the Company, all of its directors and its 20% shareholder, York Capital Management and its affiliates. The plaintiffs claim damages based on the amounts they would have been paid had a merger agreement signed March 31, 2008 with a consortium of buyers closed. The lawsuit, seeking damages of approximately $12.4 million, is similar to the lawsuit and motion for its approval as a class action proceeding previously filed by the same group of Israeli shareholders in October 2008. That lawsuit and motion was withdrawn by the plaintiffs in July 2009 at ...


KCPS Satellite Announces Tender Offer For 2.03 Million Shares of Gilat Satellite (GILT) Jun 8, 2009 12:15PM

KCPS Satellite Communications, Limited Partnership (KCPS) commences a tender offer to purchase 2,026,000 ordinary shares of Gilat Satellite Networks Ltd. (Nasdaq: GILT) for $3.65 per share, net to the seller in cash, less any required withholding taxes and without interest. In ...