DigitalGlobe Nixes $792M GeoEye Offer, Wants To Be Buyer
GeoEye's offer “substantially undervalues” DigitalGlobe, and represents a last-ditch effort by GeoEye to fortify its business ahead of sizable cuts anticipated in the U.S. defense budget — a major client of both companies, according to DigitalGlobe.
In the deal GeoEye proposed Friday, DigitalGlobe's investors would have received...
Already a subscriber? Click here to login