GeoEye (GEOY) Shares Rallying as Co. May Have Hired Goldman to Look at a Sale
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Shares of GeoEye (Nasdaq: GEOY) rocketed into positive territory Tuesday morning following rumors from DealReporter the company hired Goldman Sachs (NYSE: GS) in order to explore a possible sale.
The stock was down nearly 2 percent just before the headline began hitting wires, however shares are now up 11.8 percent to around $39.57.
DealReporter's sources suggest potential bidders include: BAE Systems, Lockheed Martin (NYSE: LMT), Raytheon (NYSE: RTN), Harris Corp. (NYSE: HRS), Northrop Grumman (NYSE: NOC) and Astrium.
The stock was down nearly 2 percent just before the headline began hitting wires, however shares are now up 11.8 percent to around $39.57.
DealReporter's sources suggest potential bidders include: BAE Systems, Lockheed Martin (NYSE: LMT), Raytheon (NYSE: RTN), Harris Corp. (NYSE: HRS), Northrop Grumman (NYSE: NOC) and Astrium.
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