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GILAT ACQUIRES SKYDATA IN $20M STOCK SWAP
Tel Aviv, Israel-based VSAT manufacturer Gilat Satellite Networks Ltd. [GILTF] completed its purchase of Melbourne, Fla.-based paging and satellite hardware manufacturer Skydata Inc. Gilat paid with approxi mately 8 percent of its ordinary shares, valued at $20 million. Samsung Corp. of Korea and Matra Marconi Space of France are Skydata investors and marketing partners, and have become Gilat shareholders as a part of the deal. Skydata will retain its management and remain separate from Gilat, it said. (Skydata, 407/724-9630.)
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