DigitalGlobe Confirms Receipt of Unsolicited Proposal

LONGMONT, Colo., May 4, 2012 — (PRNewswire) — DigitalGlobe, Inc. (NYSE: DGI) ("the Company"), a leading global provider of high-resolution earth imagery solutions, today confirmed that it has received an unsolicited proposal from GeoEye, Inc. (NASDAQ: GEOY) 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.

About DigitalGlobe
DigitalGlobe is a leading global provider of commercial high-resolution earth imagery products and services. Sourced from our own advanced satellite constellation, our imagery solutions support a wide variety of uses within defense and intelligence, civil agencies, mapping and analysis, environmental monitoring, oil and gas exploration, infrastructure management, Internet portals and navigation technology. With our collection sources and comprehensive ImageLibrary (containing more than two billion square kilometers of earth imagery and imagery products) we offer a range of on- and off-line products and services designed to enable customers to easily access and integrate our imagery into their business operations and applications. For more information, visit www.digitalglobe.com.

Safe Harbor Statement
Certain statements contained herein may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements relate to future events. We generally identify forward-looking statements by terminology such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other similar words, although not all forward-looking statements contain these words. Any forward-looking statements are based upon our historical performance and on our current plans, estimates and expectations. The inclusion of this forward-looking information should not be regarded as a representation by us that the future plans or expectations will be achieved. Such forward-looking statements are subject to various risks and uncertainties and assumptions. A number of important factors could cause our actual performance to differ materially from those indicated by such forward looking statements, including important factors as described more fully in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K. We undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events. Readers are cautioned not to place undue reliance on any of these forward-looking statements.

Contacts:
David Banks
DigitalGlobe
(303) 684-4210

Joele Frank / Eric Brielmann / Scott Bisang
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449

SOURCE DigitalGlobe, Inc.

Contact:
DigitalGlobe, Inc.
GeoEye, Inc.
Web: http://www.digitalglobe.com




Review Article Be the first to review this article


Featured Video
Latest Blog Posts
Alex Carrick, Chief Economist at ConstructConnectThe AEC Lens
by Alex Carrick, Chief Economist at ConstructConnect
10 Mid-January 2021 Economic Nuggets
Jobs
Sr. Application Engineer for Watts Water Technologies at San Antonio, Texas
Systems Engineer for Watts Water Technologies at Blauvelt, New York
Senior Highway Engineer for RS&H at Jacksonville, Florida
EUROMED 3DEXPERIENCE Program Marketing Specialist for Dassault Systemes at Padova, Italy
Geographic Information System (GIS) Coordinator for Lassen County Personnel & Risk Management at Susanville, California
Back-End Product Engineer - ArcGIS Urban for ESRI at Redlands, California
Upcoming Events
DCW - Digital Construction Week at Excel London United Kingdom - May 19 - 20, 2021
World Architecture Festival at United States - Jun 23 - 25, 2021
ICSD 2021 : 9th International Conference on Sustainable Development, 8 - 9 September Rome, Italy at Roma Eventi, Pontifical Gregorian University Piazza della Pilotta, 4 Rome Rome Italy - Sep 8 - 9, 2021
Urban Planning & Architectural Design for Sustainable Development – 6th Edition at University of Florence Florence Italy - Sep 14 - 16, 2021
Kenesto: 30 day trial
Digital Cities
CADalog.com - Countless CAD add-ons, plug-ins and more.



© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
TechJobsCafe - Technical Jobs and Resumes EDACafe - Electronic Design Automation GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise