The Law Firm of Weiss & Lurie Investigates GeoEye, Inc.

Weiss & Lurie, a national class action and shareholder rights law firm with offices in New York City and Los Angeles, is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of GeoEye, Inc. (NasdaqGS: GEOY) arising from its agreement for GeoEye to be acquired by DigitalGlobe, Inc. (NYSE: DGI).

Under the terms of the deal, for each GeoEye share, shareholders may elect to receive either: (i) 1.137 DigitalGlobe shares and $4.10; (ii) $20.27 in cash; or (iii) 1.425 DigitalGlobe shares, subject to certain conditions. Based on DigitalGlobe stock’s closing price on July 20, 2012, the last trading day before the deal was announced, the transaction values GeoEye at approximately $21.35 per share.

Weiss & Lurie is investigating whether GeoEye’s Board acted in the best interests of shareholders in approving this deal. While the total value of the deal is approximately $800-900 million, cost-saving synergies expected to be gained by DigitalGlobe are valued at $1.5 billion over two years after the deal closes.

Prior to the deal’s announcement, several analysts following GeoEye had set the price target of the stock at or above $24 per share, with a high target of $36 per share. Indeed, GeoEye stock’s 52-week high is $42.31 per share. The stock traded at or above $20 per share throughout most of this calendar year, reaching a high of $26.31 per share on May 4, 2012.

If you own GeoEye shares and would like more information about your rights as a shareholder or additional information concerning our investigation, please contact Julia J. Sun either by email at info@weisslurie.com or by telephone at (888) 593-4771.

Weiss & Lurie has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded institutions and individuals and obtained important corporate governance in these cases. If you have information or would like legal advice concerning possible corporate wrongdoing, consumer fraud, or anti-trust violations, please email us at info@weisslurie.com or fill out the form on our website, http://www.weisslurie.com/contact/report_fraud/.

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Geoeye, Inc. (MM) (NASDAQ:GEOY)
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