After several months of unsuccessfully courting its primary domestic competitor in the commercial satellite imagery business, GeoEye [GEOY] recently announced a $792 million takeover offer for DigitalGlobe [DGI], saying the deal would enable the two companies to reduce costs while providing its customers, particularly the Defense Department, with a more financially sound partner ahead of looming budget cuts. GeoEye said it is offering DigitalGlobe’s shareholders $17 per share, split equally between cash and stock, although the company said it is…
GeoEye Makes Bid For DigitalGlobe After Merger Rejected
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