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GeoEye (GEOY) Proposes $17/Share Acquisition of DigitalGlobe (DGI)

May 4, 2012 6:45 AM EDT Send to a Friend
GeoEye, Inc. (Nasdaq: GEOY), is proposing to acquire DigitalGlobe, Inc. (NYSE: DGI).

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. The proposal is structured to provide DigitalGlobe shareholders with the opportunity to participate in the dynamic future growth of the combined company.

For a copy of the letter sent to DigitalGlobe, click here.




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