GeoEye (GEOY) said yesterday its shareholders approved the proposal to combine with DigitalGlobe [DGI]. At a special meeting of GeoEye shareholders yesterday, 98.3-percent of the shares voting at the meeting voted in favor of the merger proposal, representing approximately 77.2 percent of GeoEye’s total outstanding shares of common stock as of yesterday. DigitalGlobe in July agreed to acquire GeoEye in a stock and cash deal valued at $900 million. GeoEye is DigitalGlobe’s primary United States-based competitor in the satellite earth…
GeoEye Shareholders Approve Merger With DigitalGlobe
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