Gilat ( (GILT) ) has shared an update.
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Gilat Satellite Networks Ltd. has announced an amendment to its Purchase Agreement for acquiring Stellar Blu Solutions LLC, detailing that the acquisition will be completed on January 6, 2025, following the receipt of all necessary approvals. This amendment includes a change in the outside closing date to January 7, 2025, reflecting the company’s strategic expansion efforts and potentially enhancing its market position by integrating Stellar Blu’s capabilities.
More about Gilat
Gilat Satellite Networks Ltd. operates in the satellite and communications industry, providing satellite-based broadband communications solutions. The company’s primary products and services include satellite networking technology, satellite ground equipment, and related services, with a market focus on providing connectivity solutions for internet service providers, enterprises, and government organizations.
YTD Price Performance: 0.33%
Average Trading Volume: 245,779
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $349.5M
See more insights into GILT stock on TipRanks’ Stock Analysis page.
