Gilat Scoops Up Wavestream In $130M Deal
Under the agreement announced Wednesday, Gilat will acquire all outstanding stock of Wavestream in an all-cash deal expected to be completed by the end of the year. The purchase also includes an earn-out payment over the next 12 months of up to $7 million.
Israel-based Gilat said it expects to complete the transaction with the cash it has on hand, but noted that...
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