SHAREHOLDER ALERT: Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the ...
July 25 2012 - 11:14AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
GeoEye, Inc. (“GeoEye” or the “Company”) (Nasdaq: GEOY) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to DigitalGlobe, Inc
(“Digital Globe”) (NYSE: DGI).
Click here to learn more about the investigation:
http://zlk.9nl.com/geoeye-geoy, or call: 877-363-5972. There
is no cost or obligation to you.
Under the terms of the transaction, GeoEye shareholders may
elect to receive 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
transaction has a total approximate value of $453 million. The
investigation concerns whether the GeoEye Board of Directors
breached their fiduciary duties to stockholders by failing to
adequately shop the Company before entering into this transaction
and whether DigitalGlobe is underpaying for GeoEye shares, thus
unlawfully harming GeoEye stockholders. In particular, GeoEye stock
has traded as high as $24.83 as recently as May 4, 2012.
If you own common stock in GeoEye and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email
at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free:
(877) 363-5972, or visit http://zlk.9nl.com/geoeye-geoy.
Levi & Korsinsky is a national firm with offices in New York
and Washington D.C. The firm has extensive expertise in prosecuting
securities litigation involving financial fraud, representing
investors throughout the nation in securities and shareholder
lawsuits. The attorneys at Levi & Korsinsky have been appointed
by numerous courts throughout the country to serve as lead counsel
on behalf of shareholders in major securities lawsuits and have
successfully recovered multimillion-dollar damages awards on behalf
of investors. For more information, please feel free to contact any
of the attorneys listed below. Attorney advertising. Prior results
do not guarantee similar outcomes.
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