Harwood Feffer LLP Announces Investigation of DigitalGlobe, Inc.
NEW YORK, May 4, 2012 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of DigitalGlobe, Inc. ("DigitalGlobe" or the "Company") (NYSE: DGI) concerning the proposed acquisition of the Company by GeoEye, Inc. ("GeoEye") in a transaction valued at approximately $790 million.
On May 4, 2012, it was announced that DigitalGlobe and GeoEye have entered into a definitive agreement pursuant to which GeoEye will acquire DigitalGlobe. Under the agreement, DigitalGlobe shareholders will receive $8.50 in cash and 0.3537 shares of GeoEye common stock for each share held, representing a combined value of approximately $17.00 per share. DigitalGlobe shares have traded above $17.00 per share as recently as February 2012.
Our investigation concerns whether the DigitalGlobe board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company shareholders.
If you own DigitalGlobe shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Benjamin Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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