DigitalGlobe, Inc. [DGI] yesterday said it has agreed to acquire GeoEye, Inc. [GEOY], its primary United States-based competitor in the satellite earth imagery and geospatial analysis market, in a stock and cash deal valued at $900 million. The merger agreement follows several months of bids and counter-bids by both companies to acquire the other, beginning with an undisclosed offer by GeoEye in February. The merger offers became public in May when GeoEye made another unsolicited, and ultimately unsuccessful, offer for…
DigitalGlobe To Acquire GeoEye In $900 Million Deal After Rocky Courtship
Defense Daily Staff
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