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Stock Market & Financial Investment News

News Breaks
December 3, 2012
13:02 EDTGEOY, DGIDigitalGlobe shareholders approve merger with GeoEye
DigitalGlobe (DGI) announced that its shareowners voted to approve the issuance of DigitalGlobe common stock pursuant to the previously announced Agreement and Plan of Merger, dated as of July 22, as amended, by and among DigitalGlobe and GeoEye (GEOY). The approval of the share issuance was required to complete the merger involving DigitalGlobe and GeoEye. The transaction remains subject to the satisfaction of customary closing conditions and regulatory approval from the Department of Justice, the Federal Communications Commission and the National Oceanic and Atmospheric Administration. DigitalGlobe is working cooperatively with the DOJ, FCC and NOAA, and the transaction is now expected to close in early 2013, the company said.
News For DGI;GEOY From The Last 14 Days
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November 19, 2014
06:43 EDTDGIDigitalGlobe compelling with shares near 52-week low, says Piper Jaffray
Piper Jaffray says DigitalGlobe's value case has become compelling with shares near their 52-week lows. Piper believes improving margins coupled with accelerating revenue and EBITDA growth provide potential catalysts over the next 12 months. It views the downside potential in the stock as limited and keeps an Overweight rating on the name with a $40 price target.

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