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Tag Archives: digitalglobe

DigitalGlobe, GeoEye Complete Merger; Jeffrey Tarr Comments

DigitalGlobe (NYSE: DGI) and  (NASDAQ: GEOY) have completed their $900 million cash-and-stock merger, DigitalGlobe said Thursday. Both companies announced the transaction in July 2012, saying they are aiming to grow in the commercial and international markets and depend less on the U.S. government for revenue. “I look forward to working closely with …

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Report: DOJ Could Approve DigitalGlobe-GeoEye Merger This Month

The 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. 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 …

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GeoEye Shareholders OK DigitalGlobe Merger

Shareholders at GeoEye (NASDAQ: GEOY) voted at a special meeting Monday to approve the company’s $900 million merger with DigitalGlobe (NYSE: DGI). According to GeoEye, 98.3 percent of the shares voting at meeting voted in favor of the merger, representing 77.2 percent of that company’s total outstanding shares of common …

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GeoEye Revenue Up 2% Over 9 Months; Matt O’Connell Comments

GeoEye (NASDAQ: GEOY) announced financial results for the third quarter of its 2012 fiscal year, ended Sept. 30, 2012. The company reported $264.8 million in revenue for the first nine months of the fiscal year, representing a 2 percent increase over the $259.6 million from the prior year period. CEO …

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GeoEye Schedules Shareholder Vote on DigitalGlobe Merger

GeoEye (NASDAQ: GEOY) shareholders will meet in a special session Dec. 3 to vote on the company’s proposed merger with DigitalGlobe (NYSE: DGI). In a release, GeoEye said the meeting will take place at 11 a.m. at its Herndon, Va. headquarters. Shareholders of record as of the close of business Oct. …

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GeoEye CEO Matt O’Connell: Budget Uncertainty Led to DigitalGlobe Merger

GeoEye‘s (NASDAQ: GEOY) decision to sign a merger agreement with DigitalGlobe (NYSE: DGI) was prompted by uncertainty over funding for a GeoEye contract with the National Geospatial-Intelligence Agency, GeoEye CEO Matt O’Connell told the Washington Business Journal. In an interview with reporter Jill Aitoro, O’Connell estimated the 10-year, $3.8 billion …

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GeoEye, DigitalGlobe Boards Approve $900M Merger; Matt O’Connell Comments

The boards of directors at GeoEye (NASDAQ: GEOY) and DigitalGlobe (NYSE: DGI) have approved a merger, which will be a combined stock and cash transaction worth approximately $900 million. The companies said Monday they expect to complete the transaction in either the fourth quarter of 2012 or the first quarter …

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DigitalGlobe Turns Down GeoEye $792M Takeover Bid; Jeffrey Tarr Comments

DigitalGlobe Inc. (NYSE: DGI) has turned down GeoEye Inc.’s (NASDAQ: GEOY) acquisition offer of approximately $792 million in cash and stock, or $17 per share. In a Sunday announcement, DigitalGlobe, a producer of earth imagery, said its board of directors felt GeoEye undervalued DigitalGlobe and its financial and operating performance. DigitalGlobe …

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GeoEye Offers To Buy DigitalGlobe For $792M; Matt O’Connell Comments

GeoEye Inc. (NASDAQ: GEOY) has offered to acquire DigitalGlobe for approximately $792.7 million in cash and stock, or $17 per share. GeoEye CEO Matt O’Connell said in a Friday release that a combined company is better positioned to provide the government with geospatial intelligence and satellite imagery during an era …

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