DigitalGlobe Enhances Share Repurchase Plan - Quick Facts

(RTTNews) - DigitalGlobe, Inc. (DGI), a provider of commercial high-resolution earth observation and advanced geospatial solutions, said its Board of Directors has authorized an additional $130 million share repurchase through the end of 2015, raising the total authorization to $205 million from $75 million.

The company may repurchase shares in the open market or in privately negotiated transactions, including through accelerated share repurchase transactions.

In the current quarter to date, DigitalGlobe repurchased 2.04 million shares of its stock for $54.4 million at an average price of $26.63. Cumulatively through December 17, the company has repurchased 2.54 million shares of its stock for $69.4 million at an average price of $27.34.

Jeffrey Tarr, CEO of DigitalGlobe, said, "The additional authority will allow us to enhance returns while retaining the flexibility to execute our growth strategy through both organic investment and acquisitions, with a focus on creating value for shareowners over time."