The planned takeover of Gilat Satellite could become the latest private equity deal to fail if the the Israeli satellite communications company can not persuade its disparate group of investors to close a deal at or near the price they agreed upon in March.

Unless a deal is struck by Thursday evening in New York – which people close to the companies said on Wednesday was unlikely – Gilat’s board of directors will meet on Friday or Sunday to decide whether to continue negotiations or sue the investors who agreed to take the company private for $475m, or $11.40 per share.