Morgan Stanley becomes party at interest in Gilat

Gilat Communications  / Photo: Tamar Matsafi, Globes

Morgan Stanley disclosed ownership of 2,794,391 shares which gives it a 5% stake in the Israeli company.

US investment bank Morgan Stanley has become a party at interest in Gilat Satellite Networks Ltd. (Nasdaq: GILT; TASE: GILT), accrding to document filed with the US Securities and Exchange Commission (SEC).

Morgan Stanley disclosed ownership of 2,794,391 shares which gives it a 5% stake in the Israeli company. Gilat's major shareholders include FIMI Opportunity Funds, which has a 33.9% stake and Meir Shamir who has a 9.7% stake.

Earlier this month it was reported that the $577 million acquisition of Gilat by Comtech was canceled because of the Covid-19 pandemic, with the buyer paying Gilat $70 million compensation.

Published by Globes, Israel business news - en.globes.co.il - on October 15, 2020

© Copyright of Globes Publisher Itonut (1983) Ltd. 2020

Gilat Communications  / Photo: Tamar Matsafi, Globes
Gilat Communications / Photo: Tamar Matsafi, Globes
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