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DigitalGlobe announces election deadline for GeoEye shareowners

US: DigitalGlobe, a high-resolution earth imagery solutions provider, announced the deadline for shareowners of GeoEye, to elect the form of consideration that they wish to receive in DigitalGlobe”s pending combination with GeoEye.

Pursuant to the agreement and plan of merger between the parties and the anticipated closing date of January 31, 2013, all shareowner election forms with respect to the consideration to be received in the merger by GeoEye shareowners must be received by the Exchange Agent, American Stock Transfer & Trust Company, LLC (“AST”) by no later than 5:00 p.m., New York City time, on January 29, 2013.

Under the terms of the agreement, GeoEye shareowners have the right to elect either 1.137 shares of DigitalGlobe common stock and USD 4.10 per share in cash, 100 per cent of the consideration in cash (USD 20.27) or 100 per cent of the consideration in stock (1.425 shares of DigitalGlobe common stock), for each share of GeoEye stock they own, with the amount of cash and stock subject to proration depending upon the elections of GeoEye shareholders, such that aggregate consideration mix reflects the ratio of 1.137 shares of DigitalGlobe common stock and USD 4.10 per share in cash.

Source: DigitalGlobe