February 24, 2017 / 3:42 PM / 7 months ago

CORRECTED-BUZZ-Digital Globe Inc: Shares down after MacDonald Dettwiler buyout deal

(Corrects premium and DigitalGlobe closing price in 4th bullet)

** U.S.-based satellite imagery provider’s shares fall as much as 7.9 pct to $31.35 - biggest intraday pct loss in more than 3 months

** MacDonald Dettwiler and Associates Ltd, a provider of satellite data used for surveillance and communications, to buy DigitalGlobe for about C$3.10 bln ($2.40 bln)

** DigitalGlobe shareholders will get $17.50 in cash and 0.3132 of MDA shares for each share held

** Offer represents a 2.8 pct premium to DigitalGlobe’s Thursday close of $34.05

** MDA shares down 4 pct at C$66.15

** Up to Thursday’s close, DGI’s shares had risen 18.85 pct in the past one year

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