NEW YORK, March 12, 2020 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Gilat Satellite Networks Ltd. ("GILT" or the "Company") (NASDAQ: GILT) in connection with the proposed acquisition of the Company by Comtech Telecommunications Corp. ("CMTL") (NASDAQ: CMTL).  Under the terms of the acquisition agreement, GILT shareholders will receive $7.18 in cash and 0.08425 shares of Comtech for each share of GILT they own, representing consideration of $8.89 based on Comtech's March 11 closing price. 

WeissLaw LLP (PRNewsfoto/WeissLaw LLP)

If you own GILT shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:

Or please contact:
Joshua Rubin, Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY  10036
(212) 682-3025
(888) 593-4771

WeissLaw is investigating whether GILT's Board of Directors acted to maximize shareholder value prior to entering into the acquisition agreement.  Notably, the deal is a strategic transaction which Comtech hopes to leverage to strengthen its position as a leading supplier of advanced communication solutions, and expand its portfolio of products to include GILT's high performance TDMA-based satellite modems and next generation solid-state amplifiers. 

Given these facts, WeissLaw is concerned whether the proposed acquisition agreement undervalues the Company, whether the Board ran a fair process, and whether all material information related to the proposed acquisition is fully and fairly disclosed.

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties.  We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases.  If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at

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