logo
Share SHARE
FONT-SIZE Plus   Neg

DigitalGlobe Confirms $17/shr Buyout Offer From GeoEye - Quick Facts

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Netflix offers a bunch of popular movies, Netflix originals, new TV shows, and documentaries in the month of December 2016, including the second season of the hit sitcom 'Fuller House' and 2016 blockbuster 'Captain America: Civil War', as all are getting ready for the holidays. SpaceX, the space transport company of Tech entrepreneur Elon Musk, is likely to launch its first Falcon 9 rocket since September's launchpad explosion on December 16. SpaceX's satellite launch customer Iridium Communications Inc. announced Thursday that its next-generation global satellite constellation, Iridium NEXT, will be launched on SpaceX's Falcon 9 rocket. Bank holding company Wells Fargo & Co., amid struggles to re-establish itself after the fake-account scandal, on Thursday said it has separated the roles of the Chairman and Chief Executive Officer formally, by amending the company's By-Laws. The amendment is also for the Chairman and Vice Chairman of the Board to be independent directors. The amendments were effective immediately.
comments powered by Disqus
Follow RTT