Morgan Stanley Announces Sale of Its Remaining Legacy Ownership Interest in DigitalGlobe
NEW YORK--(BUSINESS WIRE)-- Morgan Stanley (NYS: MS) and DigitalGlobe, Inc. (NYS: DGI) announced today that Morgan Stanley has informed DigitalGlobe of the recent sale of its remaining legacy ownership interest in 7,463,076 shares of DigitalGlobe common stock.
"We recently divested our final stake in DigitalGlobe, with whom our relationship began over a decade ago," said Edgar Sabounghi, the senior executive managing Morgan Stanley Principal Investments. "We are proud of our historical association with DigitalGlobe and wish the talented management team continued success in the future."
"We appreciate Morgan Stanley's contributions to DigitalGlobe since the time of their initial investment," said Jeffrey R. Tarr, President and Chief Executive Officer of DigitalGlobe. "During this period, DigitalGlobe has grown from a fledgling start-up to a leading provider of geospatial information and analysis."
About Morgan Stanley
Morgan Stanley (NYS: MS) is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 1,200 offices in 43 countries. For further information about Morgan Stanley, please visit www.morganstanley.com.
DigitalGlobe is a leading provider of commercial high-resolution earth observation and advanced geospatial solutions that help decision makers better understand our changing planet in order to save lives, resources and time. Sourced from the world's leading constellation, our imagery solutions deliver unmatched coverage and capacity to meet our customers' most demanding mission requirements. Each day customers in defense and intelligence, public safety, civil agencies, map making and analysis, environmental monitoring, oil and gas exploration, infrastructure management, navigation technology, and providers of location-based services depend on DigitalGlobe data, information, technology and expertise to gain actionable insight.
In January 2013, DigitalGlobe and GeoEye combined to become one DigitalGlobe, creating a company capable of providing greater value to customers through an integrated constellation and a broader set of products and services. For more information on the combination and its benefits, visit www.digitalglobe.com/combination.
DigitalGlobe is a registered trademark of DigitalGlobe.
Mark Lake, 212-761-8493
David Banks, 303-684-4210
KEYWORDS: United States North America New York
The article Morgan Stanley Announces Sale of Its Remaining Legacy Ownership Interest in DigitalGlobe originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.