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GeoEye, Inc. (GEOY)



Faruqi & Faruqi, LLP is Seeking More Cash for the Shareholders of GeoEye, Inc. (GEOY)

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of GeoEye, Inc. (“GeoEye” or the “Company”) (NASDAQ: GEOY) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to DigitalGlobe, Inc. (“DigitalGlobe”) (NYSE: DGI) in a cash-and-stock deal valued at approximately $453 million. Under the terms of the proposed transaction, GeoEye stockholders can opt for 1.137 shares of DigitalGlobe stock and $4.10 per share in cash, or 100 percent of the consideration in stock at 1.425 shares of DigitalGlobe stock, or 100 percent of the consideration in cash at $20.27 per share, while according to Yahoo! Finance, at least one financial analyst has set a price target of $30.00 for GeoEye.

Whether GeoEye’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether the proposed transaction undervalues GeoEye’s shares and by how much this proposed transaction undervalues the Company to the detriment of GeoEye’s shareholders are the key focus of this investigation.

If you own common stock in GeoEye and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

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Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330


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