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Gilat, Comtech agree to terminate merger deal

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Comtech Telecom and Gilat Satellite Networks have agreed to terminate their merger agreement first announced in January and have settled all pending litigation in the Delaware Court of Chancery. In connection with agreement, Comtech has agreed to make a payment of USD 70 million to Gilat.

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Categories: Broadcast & Satellite
Companies: Comtech Telecommunications / Gilat Satellite Networks
Countries: World
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