SHAREHOLDER NOTICE:  Brodsky & Smith, LLC Announces an Investigation of DigitalGlobe, Inc. -DGI

 

BALA CYNWYD, May 5, 2017 /Access Wire/ – Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of DigitalGlobe, Inc. (“DigitalGlobe” or “the Company”) (NYSE- DGI-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to MacDonald Dettwiler & Associates Ltd. (“MDA”).

Under the terms of the transaction, DigitalGlobe shareholders will receive only 0.3132 of a share of MDA common stock and $17.50 in cash for each share of DigitalGlobe stock they own. The transaction values DigitalGlobe at only approximately $35.00 per share. The investigation concerns whether the Board of  DigitalGlobe breached their fiduciary duties to shareholders and whether MDA is underpaying for the Company. The transaction may undervalue the Company and would result in a loss for many DigitalGlobe shareholders. For example, shares of DigitalGlobe stock have traded at $42.67 per share and the price being paid by MDA is below an analyst price target of $38.50 per share.

If you own shares of DigitalGlobe stock and wish to discuss the legal ramifications of  the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA  19004, or calling toll  free 877-LEGAL-90.

Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.