BALA CYNWYD, Pa., Jul 28, 2012 (BUSINESS WIRE) ? 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)
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 investorrelations@brodsky-smith.com visiting
, or by calling toll free
877-LEGAL-90.
SOURCE: Brodsky Smith, LLC
CONTACT:
Brodsky Smith, LLC
Jason L. Brodsky, Esquire
Evan J. Smith, Esquire
877-LEGAL-90
investorrelations@brodsky-smith.com
Copyright Business Wire 2012
-0-
KEYWORD: United States
North America
Pennsylvania
INDUSTRY KEYWORD: Professional Services
Legal
SUBJECT CODE: Lawsuit
Article source: http://www.cnbc.com/id/48371301
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