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 $475 million, 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.

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