According to the Complaint, on February 24 2017, DigitalGlobe’s Board of Directors (the “Board” or “Individual Defendants”) caused the Company to enter into an agreement and plan of merger (the “Merger Agreement”). Pursuant to the terms of the Merger Agreement, shareholders of DigitalGlobe will receive $17.50 in cash and 0.3132 of a Parent share for each share of DigitalGlobe stock they own.
On April 27, 2017, defendants filed a Form F-4 Registration Statement (the “Registration Statement”) with the United States Securities and Exchange Commission (“SEC”) in connection with the Proposed Transaction. The Complaint alleges the Registration Statement omits material information with respect to the Proposed Transaction, which renders the Registration Statement false and misleading.
On July 6, 2017, the Court issued an Order consolidating cases. On July 25, the Court issued another Order consolidating cases. On August 17, 2017, the Court issued an Order appointing Lead Plaintiff and Counsel.
On September 20, 2017, Plaintiffs filed a stipulation to voluntarily dismiss this action without prejudice.