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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.

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