Law Office of Brodsky & Smith, LLC Announces Investigation of GeoEye, Inc.

BALA CYNWYD, Pa., July 24, 2012 — (PRNewswire) — �Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of GeoEye, Inc. ("GeoEye" or the "Company") (Nasdaq- GEOY-News) relating to the proposed acquisition by DigitalGlobe, Inc. ("DigitalGlobe").

Under the terms of the transaction, GeoEye shareholders would receive only 1.137 shares of DigitalGlobe common stock and $4.10 per share, or $20.27 in cash, or 1.425 shares of DigitalGlobe common stock for each share of GeoEye stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of GeoEye for not acting in the Company's shareholders' best interests in connection with the sale process to DigitalGlobe. The transaction may undervalue GeoEye as GeoEye stock traded at $36.65 per share on October 28, 2011 and $24.03 per share as recently as May 3, 2012. In addition, an analyst has placed a $30.00 price target on the stock.

If you own shares of GeoEye stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions.  You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at Email Contact visiting http://brodsky-smith.com/460-geoy-geoeye-inc.html, or by calling toll free 877-LEGAL-90.

SOURCE Brodsky & Smith, LLC

Contact:
Brodsky & Smith, LLC
GeoEye, Inc.
DigitalGlobe, Inc.
Web: http://www.brodsky-smith.com




Review Article Be the first to review this article

Harris

Featured Video
Jobs
GIS Specialist for Metro Wastewater Reclamation District at Denver, Colorado
Upcoming Events
SUE Association at Capitol Skyline Hotel 10 “I” Eye Street, SW Washington, DC - Jul 26, 2018
2018 ENVI Analytics Symposium at The Brown Palace Hotel & Spa Denver CO - Aug 21 - 23, 2018
2018 South Florida GIS Expo at 650 Okeechobee Blvd West Palm Beach FL - Aug 23 - 24, 2018
SPTechCon 2018 at Sheraton Boston Hotel Boston MA - Aug 26 - 29, 2018
Canon: oce crystalPoint
Teledyne Optech
Teledyne:
Interdrone 2018



Internet Business Systems © 2018 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — 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 PolicyAdvertise