DigitalGlobe Inc. (DGI) confirmed that it has received an unsolicited proposal from GeoEye Inc. (GEOY) to acquire DigitalGlobe for $17.00 per share in a combination of cash and stock.
DigitalGlobe said its board of Directors will carefully review and consider the proposal and pursue the course of action that is in the best interests of DigitalGlobe and its stockholders. The stockholders are advised to take no action at this time pending the review of the proposal by the Company's Board of Directors, DigitalGlobe said.
Earlier today, GeoEye announced that it is proposing to acquire DigitalGlobe.
GeoEye stated that the proposed transaction would give DigitalGlobe shareholders $17.00 per share in total consideration, payable $8.50 per share in cash and $8.50 in GeoEye stock, or 0.3537 shares of GeoEye stock for each share of DigitalGlobe stock.
This price represents a 26% premium to DigitalGlobe's closing share price on May 3, 2012.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.