NEW YORK, July 18, 2017 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against DigitalGlobe, Inc. (“DigitalGlobe” or the “Company”) (NYSE: DGI ) and certain of its officers, on behalf of DigitalGlobe common stock shareholders in connection with the proposed acquisition of DigitalGlobe by MacDonald, Dettwiler and Associates Ltd (“MDA”) announced on February 24, 2017. Such investors are encouraged to join this case by visiting the firm’s site: http://www.bgandg.com/dgi .
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.
On February 24, 2017, DigitalGlobe and MDA announced that they had entered into an agreement and plan of merger (the “Merger Agreement”). Under the terms of the Merger Agreement, for each share of DigitalGlobe stock owned, DigitalGlobe shareholders will receive $17.50 in cash and $17.50 in MDA (the “Proposed Acquisition”), for a value of $35 per share based on MDA stock’s closing price on February 16, 2017.
The Complaint alleges that: (1) the value to be received by DigitalGlobe shareholders in the Proposed Acquisition significantly undervalues the Company; (2) in an attempt to secure shareholder support for the Proposed Transaction, defendants issued materially incomplete disclosures in a registration statement (the “Registration Statement”) filed with the United States Securities and Exchange Commission on April 27, 2017; and (3) the Registration Statement omits material information necessary to enable shareholders to make an informed decision as to how to vote on the Proposed Transaction, including material information with respect to DigitalGlobe’s financial projections, the analyses performed by DigitalGlobe’s financial advisor, and potential conflicts of interest.
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm’s site: http://www.bgandg.com/dgi or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. DigitalGlobe shareholders have until July 24, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact: Bronstein, Gewirtz & Grossman, LLC Peretz Bronstein or Yael Hurwitz 212-697-6484 | info@bgandg.com
