DigitalGlobe Alert: The Briscoe Law Firm And Powers Taylor, LLP Investigate The Sale Of DigitalGlobe, Inc. To GeoEye, Inc.

Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of DigitalGlobe, Inc. (“DigitalGlobe” or “DGI”) (NYSE: DGI) to GeoEye, Inc. for shareholders. Under the proposed merger, DigitalGlobe shareholders will receive only $17.00 in total consideration for each share of DigitalGlobe owned, including $8.50 in cash and $8.50 in GeoEye stock, or 0.3537 shares of GeoEye stock, which is well below DigitalGlobe’s 52-week high of $27.42 per share.

If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at patrick@powerstaylor.com, or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.

The definitive acquisition agreement involves a cash and stock transaction with a total equity value of approximately $792 million.

The investigation centers on whether DigitalGlobe shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues DigitalGlobe’s stock, and whether DigitalGlobe’s board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. According to Yahoo! Finance, at least one analyst has stated that the true inherent value of DigitalGlobe shares may be as high as $36.00 per share. According to shareholder rights attorney Willie Briscoe, “Based on the relatively low premium price and other factors, we are investigating whether the transaction undervalues DigitalGlobe stock. Our lawsuit will seek to obtain the highest share price for all shareholders.”

The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

Copyright Business Wire 2010

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