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Satellite imagery company GeoEye (GEOY) offers to buy rival DigitalGlobe (DGI) for $792M in a...

Satellite imagery company GeoEye (GEOY) offers to buy rival DigitalGlobe (DGI) for $792M in a cash-and-stock deal that would create the world's largest fleet of commercial imagery satellites. The total consideration of $17/share is a 26% premium to DGI's Thursday closing price. GEOY +4.2%, DGI +27.9% premarket.
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