GeoEye, Inc. Shareholder Alert: Bernstein Liebhard LLP Announces Investigation Of Acquisition By DigitalGlobe, Inc.

NEW YORK, July 23, 2012 — (PRNewswire) — Bernstein Liebhard LLP is investigating whether the Board of Directors of GeoEye, Inc. ("GeoEye" or the "Company") (NASDAQ: GEOY) breached its fiduciary duty to its shareholders in agreeing to sell GeoEye to DigitalGlobe, Inc. ("DigitalGlobe") (NYSE: DGI).

Under the terms of the agreement, GeoEye shareholders will have the right to elect either 1.137 shares of DigitalGlobe common stock and $4.10 per share in cash, 100% of the consideration in cash ($20.27) or 100% of the consideration in stock (1.425 shares of DigitalGlobe common stock), for each share of GeoEye stock they own, with the amount of cash and stock subject to proration depending upon the elections of GeoEye shareholders, such that aggregate consideration mix reflects the ratio of 1.137 shares of DigitalGlobe common stock and $4.10 per share in cash.  The investigation is focused on the potential unfairness of the price to GeoEye shareholders and the process by which the GeoEye Board of Directors considered and approved the transaction.

If you are interested in discussing your rights as a GeoEye stockholder, with no obligation or cost to you, please contact U. Seth Ottensoser at:

(877) 779-1414
Email Contact.

Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients.  It has been named to The National Law Journal's "Plaintiffs' Hot List" in each of the last nine years.

Bernstein Liebhard LLP
10 East 40th Street
New York, New York 10016
(877) 779-1414

ATTORNEY ADVERTISING. © 2012 Bernstein Liebhard LLP.  The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414.  The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin.  Prior results do not guarantee or predict a similar outcome with respect to any future matter.

SOURCE Bernstein Liebhard LLP

Bernstein Liebhard LLP
GeoEye, Inc.
DigitalGlobe, Inc.

Review Article Be the first to review this article


Featured Video
Currently No Featured Jobs
Upcoming Events
Commercial UAV Expo 2016 at MGM Grand Hotel Conference Center Las Vegas NV - Oct 31 - 2, 2016
GIS-Pro 2016: URISA's 54th Annual Conference at Toronto Canada - Oct 31 - 3, 2016
24th ACM SIGSPATIAL International Conference at San Francisco Bay Area, California, USA San Francisco - Oct 31 - 3, 2016
Teledyne Optech
University of Denver GIS Masters Degree Online
Textron - Countless CAD add-ons, plug-ins and more.

Internet Business Systems © 2016 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy