Unless a deal is struck Gilat's board of directors will meet this weekend to decide whether to continue negotiations or sue the investors who agreed to take the company private for $475m, or $11.40 per share.

If Gilat opts to go to court, as many other spurned takeover targets have in the past year, it is likely to file a suit in Israel in mid September. But it is also considering litigation in the US, according to people close to the company.

Other posts by :

1. Equatys wants 2,800 new satellites
2. FCC eyes freeing up Weird Space Stuff spectrum
3. SES happy with releasing 160MHz of spectrum for 5G
4. Inmarsat “likely to win appeal” over Ligado/AST action
5. FCC seeks fair play over foreign satellite access
6. Bank raises RocketLab target price
7. Paramount throws kitchen sink
8. Ukraine wants its own LEO system
9. SpaceX outlines Starlink cellular delivery plan

Categories: Articles, DTT/DSO, M&A