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

Quick Facts

Editors Pick
Hampton Farms has voluntarily recalled Ava's brand organic cashews for potential Listeria contamination. The Organic Cashews Roasted & Salted 8 oz. tubs were distributed in New Jersey, New York, Pennsylvania and Connecticut. As per the recall statement, fewer than 225 units of this product were offered for retail sale. Maternity leave is a temporary period of absence from employment granted to expectant or new mothers during the months immediately before and after their pregnancy. Parental leave, including maternity, paternity and adoption leave, is an employee benefit. Many countries around the world, including... Texas, the second largest state in the U.S., has four of the five fastest-growing cities in the U.S., according to new population estimates released Thursday by the U.S. Census Bureau for the twelve months up to July 1, 2016. Ten of the fifteen fastest growing large U.S. cities during that 12-month span were in the South, according to the Census Bureau.
comments powered by Disqus
Follow RTT