Home / M&A Activity / Report: DOJ Could Approve DigitalGlobe-GeoEye Merger This Month

Report: DOJ Could Approve DigitalGlobe-GeoEye Merger This Month

Digital Globe logo_GovConWireThe proposed $900 million cash-and-stock merger between DigitalGlobe (NYSE: DGI) and GeoEye (NASDAQ: GEOY) is expected to receive regulatory approval later this month, Reuters reports.GeoEyeLogo

Andrea Shalal-Esa and Diane Bartz report the U.S. Justice Department could wrap up its review of the transaction by mid-January but could delay action after William Baer was sworn in Jan. 3 as the new antitrust division.

Investment banking firm Dougherty & Co. said Tuesday it does not expect the department to oppose the merger and that the transaction could close by the first quarter, according to the report.

DigitalGlobe would need up to three weeks to complete financing for the deal, the report said.

GeoEye’s shareholders voted last month to approve the transaction by a near-unanimous vote.

Check Also

Army Engineers Pick Caddell for $144M Airmen Training Facility Construction Contract

Caddell Construction has won a potential two-year, $143.5M contract to help the U.S. Army Corps of …

Executive Mosaic Announces 2019 Wash100 Inductees

TYSONS, Va., Jan. 15, 2019 /PRNewswire/ — Executive Mosaic, the leading executive media and events company in …