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Gilat Surges Most in Three Months, Closes Gap With U.S. Shares

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March 4 (Bloomberg) -- Gilat Satellite Networks Ltd. advanced the most in three months, closing the gap with its the U.S. traded shares.

The shares of the developer of satellite-networking technology rose 5.7 percent to 15.17 shekels, or the equivalent of $3.99, the most since Dec. 4 in intraday trade at 3:49 p.m. in Tel Aviv. The company’s U.S.-traded shares rose 0.3 percent to $3.93 on March 2.

To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at ssolomon22@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

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