NEW YORK, NY /ACCESSWIRE / February 5, 2020 / The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased Gilat Satellite Networks Ltd. ("Gilat" or the "Company") (GILT) stock prior to January 29, 2020.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Gilat to Comtech Telecommunications Corp. ("Comtech") (NASDAQ:CMTL). Under the terms of the merger, Comtech will acquire Gilat in a cash and stock transaction pursuant to which Gilat shareholders will receive $10.25 in 70% cash and 30% Comtech common stock per ordinary share. To learn more about the action and your rights, go to: https://www.zlk.com/mna2/gilat-satellite-networks-ltd-loss-form or contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500. There is no cost or obligation to you.
The Gilat merger investigation concerns whether the Board of Gilat breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction and whether Comtech is underpaying for Gilat shares, thus unlawfully harming Gilat shareholders.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
SOURCE: Levi & Korsinsky, LLP
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