Morgan Stanley becomes party in interest in Gilat

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 in 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.