Levi & Korsinsky is investigating the Board of Directors of DigitalGlobe, Inc. (“DigitalGlobe” or the “Company”) (NYSE: DGI) for possible breaches of fiduciary duty and other violations of state law in connection with the receipt of a proposal from GeoEye, Inc. (“GeoEye”) (NASDAQ GS: GEOY) to purchase the Company in a cash and stock transaction valued at approximately $792 million. Under the proposed terms, DigitalGlobe shareholders would receive $17.00 per share in total consideration payable as $8.50 per share in cash and $8.50 in GeoEye stock. 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.
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The investigation concerns the Board's process for evaluating the proposed transaction and whether GeoEye would be underpaying for DigitalGlobe shares, thus unlawfully harming DigitalGlobe stockholders. In particular, at least one market analyst set a price of $36.00.
If you own common stock in DigitalGlobe and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at
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