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Rigrodsky & Long, P.A., a national securities firm with offices in Delaware and New York, announces that it is investigating potential claims against the board of directors of DigitalGlobe, Inc. (“DigitalGlobe” or the “Company”) (NYSE:
DGI) over the Company’s receipt of a proposal from GeoEye, Inc. (“GeoEye”) (NASDAQ GS:
GEOY) to acquire the Company in a cash and stock transaction valued at approximately $792 million.
Under the proposed terms offered by GeoEye, DigitalGlobe shareholders would receive $17.00 per share in total consideration. Such consideration would be payable as $8.50 per share in cash and $8.50 in GeoEye stock (DigitalGlobe shareholders would receive 0.3537 shares of GeoEye stock for each share of DigitalGlobe owned). Alternatively, GeoEye would consider restructuring their proposal to increase the cash consideration up to 100% of the purchase price or, in the alternative, reducing the cash consideration and increasing the stock portion of their offer.