Carter Ledyard & Milburn LLP Mentioned in Gilat Satellite Networks Merger

Carter Ledyard & Milburn LLP was mentioned in the RCR Wireless News on April 4, 2008 in an article titled “Gilat Satellite Networks Inks Acquisition Pact.” The article discusses the merger agreement between a group of private equity investors. The Gores Group LLC, Mivtach Shamir Holdings Ltd., companies dealing with Roy Ben-Yami, Ami Lustig and Eytan Stibbe and DGB Investments, Inc. are the investors. The yield of this transaction will be $475 million. The Board of Directors of our client Gilat approved the agreement. They are waiting for approvals from their shareholders, certain regulatory approvals and other customary closing conditions. If all goes as scheduled, this transaction should be completed by September 2008.

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