Posted on February 7th, 2013

DigitalGlobe Obtains Antitrust Clearance in Connection With GeoEye Combination


A Note From Apollo Mapping

– The article below is the first official press release about this exciting merger. As mentioned in previous editions of our newsletter (you can read more here), we think the combination of DigitalGlobe and GeoEye is a good thing for all users of satellite imagery. Now that this government hurdle has been cleared, DigitalGlobe and GeoEye can proceed with their combination to form one of the most influential companies in our industry.

January 9, 2013 – DigitalGlobe, Inc. (NYSE: DGI), a leading global provider of high-resolution earth imagery solutions, today announced that it has received antitrust clearance from the U.S. Department of Justice in connection with DigitalGlobe’s pending combination with GeoEye, Inc. (NASDAQ: GEOY).

As previously announced, on July 23, 2012, the boards of directors of both DigitalGlobe and GeoEye unanimously approved a definitive merger agreement under which the companies will combine. Completion of the transaction is subject to satisfaction of other customary closing conditions, including obtaining regulatory approval from the Federal Communications Commission (FCC) and the National Oceanic and Atmospheric Administration (NOAA). DigitalGlobe is working cooperatively with the FCC and NOAA, and the transaction is expected to close by January 31, 2013. Shareowners of both DigitalGlobe and GeoEye have previously voted overwhelmingly in favor of the combination. Simultaneous with the closing of the transaction, the Company expects to complete a $1.2 billion refinancing, which is expected to include a combination of senior notes and senior secured credit facilities.

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