Category: Blu
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Cielo Blu shareholders approve takeover by Tshuva and Zvida
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Shareholders of Cielo Blu (TASE: CILO) (formerly Hanan Mor), most of whom are financial institutions that acquired the company as part of its debt settlement, have overwhelmingly approved the allotment to companies controlled by Yitzhak Tshuva and David Zveda of Cielo Blu. Shares that can reach 47% in two stages,…
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Gilat to acquire US co Stellar Blu for $245m
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Israeli company Gilat Satellite Networks Limited (Nasdaq: doctrine; level:doctrine) announced the signing of a definitive agreement to acquire San Diego-based in-flight Internet company Stellar Blu. Gilat will pay $98 million upon closing of the deal and another $147 million subject to commercial and financial milestones. Gilat already provides solutions in…