DigitalGlobe Confirms Receipt of Unsolicited Proposal
May 4, 2012
DigitalGlobe, Inc. confirmed that it has received an unsolicited proposal from GeoEye, Inc. to acquire the Company for $17.00 per share in a combination of cash and stock.
DigitalGlobe's Board of Directors, consistent with its fiduciary duties and in consultation with its independent financial and legal advisors, will carefully review and consider the proposal and pursue the course of action that is in the best interests of DigitalGlobe and its stockholders.
DigitalGlobe stockholders are advised to take no action at this time pending the review of the proposal by the Company's Board of Directors.
Skadden, Arps, Slate, Meagher & Flom LLP is serving as DigitalGlobe's legal counsel, and Morgan Stanley and Barclays are serving as DigitalGlobe's financial advisors.