Deals
DigitalGlobe Falls After Company Rejects GeoEye Takeover Bid
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DigitalGlobe Inc. shares fell 8.4 percent after the satellite-imagery company rejected an unsolicited offer from GeoEye Inc. for about $792 million, saying the bid “substantially undervalues” its business.
DigitalGlobe said yesterday that the offer wasn’t in the best interests of its shareholders and didn’t recognize the company’s financial and operating record and prospects.