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 investorrelations@brodsky-smith.com visiting
http://brodsky-smith.com/460-geoy-geoeye-inc.html, or by calling
toll free 877-LEGAL-90.
SOURCE Brodsky & Smith, LLC