Harwood Feffer LLP Announces Investigation of DigitalGlobe, Inc.
February 24, 2017
NEW YORK, Feb. 24, 2017 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of DigitalGlobe, Inc. ("DigitalGlobe" or the "Company") (NYSE: DGI) concerning the proposed acquisition of the Company by MacDonald, Dettwiler and Associates Ltd. ("MacDonald").
Under the terms of the offer, MacDonald would acquire DigitalGlobe in a transaction worth approximately $2.4 billion. Pursuant to the terms of the transaction, DigitalGlobe shareholders would receive $17.50 per share in cash and 0.3132 shares of MacDonald per share of DigitalGlobe, a combined value of approximately $37.50. At least one Wall Street analyst set a target price for DigitalGlobe stock of $44.00 per share.
Our investigation concerns whether the DigitalGlobe board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders.
If you own Lumos shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
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Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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