An investigation on behalf of investors of DigitalGlobe Inc (NYSE:DGI) in connection with the proposed takeover was announced and NYSE:DGI stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 02/28/2017 -- The takeover of DigitalGlobe Inc is under investigation over potential wrongdoing. The investigation was announced for investors in NYSE:DGI shares concerning whether the takeover of DigitalGlobe Inc. by MacDonald, Dettwiler and Associates Ltd for $35.00 per share is unfair.
Investors who purchased shares of DigitalGlobe Inc (NYSE:DGI) and currently hold any of those NYSE:DGI shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm concerns whether certain directors of DigitalGlobe Inc breached their fiduciary duties owed to NYSE:DGI investors in connection with the proposed acquisition.
On February 24, 2017, MacDonald, Dettwiler and Associates Ltd. and DigitalGlobe Inc (NYSE:DGI) announced they have entered into a merger agreement, pursuant to which MacDonald, Dettwiler and Associates Ltd will acquire DigitalGlobe for US$35.00 per share in a combination of cash and stock.
However, given that at least one analyst has set the high price target for NYSE:DGI shares at $44.00 per share, the investigation concerns whether the offer is unfair to NYSE:DGI stockholders. More specifically, the investigation concerns whether the DigitalGlobe Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
DigitalGlobe Inc reported that its annual Total Revenue rose from $702.40 million in 2015 to $725.40 million in 2016 and that its Net Income grew from $23.30 million in 2015 to $26.50 million in 2016. Shares of DigitalGlobe Inc (NYSE:DGI) reached in 2014 as high as $42.67 per share.
On February 27, 2017, NYSE:DGI shares closed at $31.50 per share.
Those who are current investors in DigitalGlobe shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com