Rigrodsky & Long, P.A. Announces Investigation Of DigitalGlobe, Inc.’s Proposed Acquisition By GeoEye, Inc.

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.

Click here to learn more: http://www.rigrodskylong.com/investigations/digitalglobe-inc-dgi.

The investigation concerns the board of directors’ process for consideration of the proposed transaction, and whether the proposed consideration to be paid to DigitalGlobe shareholders would be fair and adequate. At least one analyst on Yahoo! Finance has issued a $36.00 per share target for DigitalGlobe. Additionally, the offer falls well below the Company’s 52-week high of $27.42 per share.

If you own the common stock of DigitalGlobe and purchased your shares before May 4, 2012, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Scott J. Farrell, Esquire or Peter Allocco of Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530 toll free at (888) 969-4242, by e-mail to info@rigrodskylong.com, or at: http://www.rigrodskylong.com/investigations/digitalglobe-inc-dgi.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

Attorney advertising. Prior results do not guarantee a similar outcome.

If you liked this article you might like

World Leader in Earth Imagery DigitalGlobe a Promising Pick for Smart Investors

DigitalGlobe (DGI) Showing Signs Of Being Strong And Under The Radar

DigitalGlobe (DGI) Flagged As Strong On High Volume

Insider Trading Alert - SWK, DGI And DPS Traded By Insiders

Insider Trading Alert - DEPO, DGI And MYCC Traded By Insiders