• Jan. 9, 2013, 12:25 PM

    GeoEye (GEOY +7.8%) and DigitalGlobe (DGI +5.2%) jump on news the DOJ has approved the companies' merger, which will create a dominant provider of satellite imagery services for the U.S. government. Though FCC and NOAA approval are still pending, DigitalGlobe says it expects the merger to close by Jan. 31. GeoEye shareholders approved the deal in December. (Indian railway deal)

    Jan. 9, 2013, 12:25 PM
  • Dec. 3, 2012, 4:36 PM

    GeoEye (GEOY -0.1%) shareholders have approved their company's merger with DigitalGlobe (DGI -0.8%). The deal still awaits DOJ, FCC, and NOAA approval, and is expected to close in early 2013. On average, DigitalGlobe is offering 1.137 shares and $4.10 in cash for each GeoEye share. The offer has a current value of $32.19/share, yet GeoEye closed at $30.53 - this suggests regulatory fears about the merging of the two satellite firms are still weighing on investors.

    Dec. 3, 2012, 4:36 PM
  • Jul. 23, 2012, 7:13 AM

    DigitalGlobe (DGI) and GeoEye (GEOY) will merge in a stock-and-cash deal worth ~$900M, creating "a global leader in earth imagery and geospatial analysis with a more diversified revenue base, a superior financial foundation and significant growth potential." It's a 34% premium to GeoEye's Friday close. (PR)

    Jul. 23, 2012, 7:13 AM
  • Jun. 25, 2012, 10:53 AM

    GeoEye (GEOY -25.5%) gets crushed after disclosing a government agency won't exercise a renewal option for a satellite imagery program, and is instead proposing less lucrative short-term contracts. In addition, the agency won't be providing cost share funding for an upcoming satellite launch. Benchmark is downgrading shares to Hold, and thinks GeoEye's 2013 bond payments are now at risk. JPMorgan thinks a buyout offer from rival DigitalGlobe (DGI -2.6%) is now more likely. (previous)

    Jun. 25, 2012, 10:53 AM | 1 Comment
  • May 25, 2012, 10:18 AM
    Satellite imagery firms DigitalGlobe (DGI +9.1%) and GeoEye (GEOY +6.5%) are spiking on rumors of a higher bid for DigitalGlobe. The company, which now trades at $17.12, turned down a $17/share offer from GeoEye earlier this month. May 25, 2012, 10:18 AM
  • May 7, 2012, 2:05 AM

    DigitalGlobe (DGI) rejects the $792M takeover offer from GeoEye (GEOY), saying the hostile bid "substantially undervalues the company" and its financial prospects.

    May 7, 2012, 2:05 AM
  • May 4, 2012, 8:21 AM

    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.

    May 4, 2012, 8:21 AM
  • Mar. 14, 2012, 3:18 AM

    Astrium, Europe's leading space company, says it's "generally interested" in acquiring either GeoEye (GEOY) or DigitalGlobe (DGI), which are both U.S. digital imagery providers, and that EADS (EADSY.PK), Astrium's parent company, is actively looking for U.S. takeover targets.

    Mar. 14, 2012, 3:18 AM
  • Nov. 14, 2011, 1:18 PM

    GeoEye (GEOY -7.3%) is selling off on a DealReporter story claiming its sale process has been suspended. Rival satellite imagery firm DigitalGlobe (DGI -3.1%) is also moving lower.

    Nov. 14, 2011, 1:18 PM
  • Oct. 7, 2011, 11:08 AM

    Satellite imagery provider GeoEye (GEOY) rises 7.4% on strong volume. StreetInsider claims the move is the result of takeover speculation.

    Oct. 7, 2011, 11:08 AM