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Digitalglobe Nixes Takeover Bid by MICHAEL DAVIDSON Released a Letter Firmly Rejecting the [email protected] Firm Says Geoeye’S $792 Million Takeover Bid

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Digitalglobe Nixes Takeover Bid by MICHAEL DAVIDSON Released a Letter Firmly Rejecting the Mdavidson@Bcbr.Com Firm Says Geoeye’S $792 Million Takeover Bid 1A 1A NONPROFITS MANUFACTURING Boulder County CareConnect Precision molding, tooling celebrates 40 years of service firm expands in Longmont 7A 8A $1 Volume 31 Issue 11 | May 11-24, 2012 DigitalGlobe nixes takeover bid BY MICHAEL DAVIDSON released a letter firmly rejecting the [email protected] Firm says GeoEye’s $792 million takeover bid. GeoEye’s bid “undervalues the LONGMONT — Satellite imag- gambit ‘undervalues the company’ company in relation to DigitalGlobe’s ery provider DigitalGlobe Inc. has stand-alone business and financial rejected what the company character- Inc. (Nasdaq: GEOY), a Herndon, Vir- The bid was for $17 per share, or prospects, and is not in the best izes as a hostile takeover attempt by a ginia-based satellite-imagery company, about $792 million. interests of the company’s stock- desperate competitor. announced it was making a takeover bid DigitalGlobe’s board of directors holders,” DigitalGlobe said in a press News of the company’s decision for DigitalGlobe (NYSE: DGI), which met with its financial and legal advis- statement. “In addition, the board came May 6, two days after GeoEye is headquartered in Longmont. ers that weekend, and on Sunday ➤ See DigitalGlobe, 23A CANCER FIGHTERS Colorado Exempla Good Samaritan brings treatment closer to home ranks low on tracking incentives Cities in Boulder Valley do better job than state BY MICHELLE VENUS [email protected] A new national report ranks Colo- rado among the nation’s most lax at tracking whether economic incentives translate into jobs — but municipali- ties in Boulder and Broomfield coun- ties seem to be bucking the trend. Economic development is a high priority for municipalities across the nation — in strong financial climates as well as now, when businesses have weathered the recent economic storms. Attracting new business as well as retaining and helping to grow existing ones requires establishing strong relationships between town MICHAEL MYERS and industry. Businesses may be lured Registered nurse Wendy Bogulsky, who is specially trained in infusion chemotherapy, administers medication to a by the Rocky Mountain West’s qual- patient at Exempla Good Samaritan Medical Center’s new Comprehensive Cancer Center in Lafayette. See story, 10A. ity of life, but once they’ve decided ➤ See Incentives, 15A CONTENTS Serving Boulder & Broomfield Counties Health Care Awards ....................... 19A For the Record ........... 17A Visit bcbr.com for breaking news & Wellness Bank Notes .................. 9A Manufacturing .............. 8A Exempla’s BCBRdaily .................... 2A Nonprofit Network ...... 21A cancer care ............ 10A Business Digest ......... 19A On the Job ................. 20A Calendar ..................... 20A Product Update.......... 21A Editorial ...................... 26A Publisher’s Notebook . 26A Eye ............................... 3A Real Estate ................. 24A LISTS Highest-Paid Plastic and Cosmetic Executives .................. 16A Surgeons .................... 12A 2A 2A 2A | May 11-24, 2012 Boulder County Business Report | www.bcbr.com Outdoor equipment company OKed for rebates BY BUSINESS REPORT STAFF North America moved its headquar- officer. States and Europe. Squarer earned [email protected] ters to Boulder in early 2007. The Squarer, 45, replaces Robert E. an MBA from the Kellogg School company now has 10 employees in Conway, who resigned in January for of Management, Northwestern Uni- Editor’s note: The following is a wrap- Boulder and plans to continue its fast- personal reasons. Squarer also was versity and a bachelor’s degree in up of breaking local business stories paced growth. Salewa’s new location added to the Array’s (Nasdaq: Arry) biochemistry from the University of published daily on the Boulder County at 1711 15th St. includes a showroom, board of directors. California, Berkeley. Business Report’s website. Sign up allowing the company to host an Squarer has Posted April 27. for our free BCBRdaily, an all local increased number of visitors in addi- commercial, e-news report sent to your email each tion to regular meetings with Euro- development Vail Resorts’ ski visits down weekday. Just click on “Register for pean company representatives. and executive BROOMFIELD — Vail Resorts E-Newsletters” at www.BCBR.com. leadership expe- Inc. on May 1 reported skier visits rience from a were down 12.6 percent for the sea- BOULDER — The city of Boulder BCBR DAILY 20-year career in son through April 22, after a particu- has approved a flexible rebate pack- the pharmaceu- larly mild winter at its resorts. age of up to $10,000 in rebates for The flexible rebate program uses tical industry. The Broomfield-based ski-resort outdoor equipment company Salewa social, community and environmen- Squarer Most recently he company (NYSE: MTN) operates North America. tal-sustainability guidelines. Compa- served as chief the resorts of Breckenridge, Keystone, The rebates were authorized for nies choose the guidelines that best fit commercial officer at Hospira Inc., Beaver Creek and Vail in Colorado, sales and use taxes, and permit-relat- their circumstances, but must meet a global pharmaceutical and medi- and the Lake Tahoe-area resorts of ed fees. minimum requirements in order to cal device company, where he was Northstar and Heavenly on the Cali- The flexible rebate program is one receive the rebate. responsible for delivering $4 billion fornia and Nevada line. Vail Resorts of the city’s business incentives, cov- Salewa has met the requirements. in annual revenue and leading more also recently bought the Kirkwood ering a wide range of fees, equipment Salewa is one of six companies that than 2,000 employees worldwide. ski resort in California, but did not and construction use taxes. Under applied in 2011 for the flexible rebate Squarer joined Hospira from include that resort’s skier numbers this program, the city manager may program All 2011 applications now have Mayne Pharma, an oncology-focused, in its most recent report to the U.S. consider a specific incentive package been approved. The other five compa- global pharmaceutical company, Securities and Exchange Commission. for tax and fee rebates to meet a com- nies approved are Tendril Networks where he served as senior vice presi- Skier visits in Colorado were down pany’s specific needs. The company Inc., Eetrex Inc., Juwi Wind LLC, Log dent, global corporate and business 8.9 percent through April 22, while is then eligible for the rebate after it Rhythm LLC and Biodesix Inc. development when Mayne was sold to skier visits to the Lake Tahoe-area has made its investment and paid the Posted May 4. Hospira for $2 billion in 2007. resorts were down 24.2 percent, the taxes or fees to the city. Earlier, Squarer held senior man- report said. Season-to-date lift ticket Salewa is the North American Array appoints new CEO agement roles at both Pfizer Inc., revenue was down about 0.3 percent headquarters of the Italian outdoor BOULDER — Array BioPharma focused on global oncology commer- through April 22, compared with the equipment company whose primary Inc., a biopharmaceutical company cial development, and at SmithKline prior winter ski season. brands include Salewa, Dynafit and based in Boulder, has appointed Ron Beecham Pharmaceuticals (now At the same time, ski-school rev- Pomoca. Established in 2006, Salewa Squarer as its new chief executive GlaxoSmithKline) in the United ➤ See BCBRdaily, 27A Ge ing good news at my monthly appoinment. Thank you Via for ge ing me here. A visit to the doctor, a ride to work, a trip to the grocery store—wherever you are headed, Via can help. We are the one-call resource for people living with mobility limitations and their families. Find out how Via can take you places. Spot Via & Win Daily Destination Giveaways at facebook.com/viacolorado www.viacolorado.org Via is a private, nonprofit organization. ©2012 Via Mobility Services. 3A 3A Boulder County Business Report | www.bcbr.com May 11-24, 2012 | 3A Airport installing self-service gas pumps Less congestion by-product some in the industry said. That’s the Front Range makes it a sometimes dangerous area to fly in. The mid-air because more pilots who house their dangerous place to fly, said Daril collision in that area – it’s amazing of fewer flights to fill tanks planes at the Broomfield airport may Cinquanta, president of the Jeffco there haven’t been more.” buy their fuel there, rather than going Aviation Association, a group that Airport administrators plan to pay BY BETH POTTER to other airports for fuel, as they cur- represents companies based at the for half of the $75,000 to $100,000 [email protected] rently do. That would mean poten- Rocky Mountain Metropolitan Air- installation cost for the new pumps, tially fewer take-offs and landings port. Travel is congested between Erie said Kenny Maenpa, airport man- BROOMFIELD — New self-ser- at nearby airports. Air safety is a big Municipal Airport, Boulder Munici- ager in Broomfield. The privately vice gas pumps are expected to be topic of discussion for local pilots pal Airport, Vance Brand and Gree- owned Denver AirCenter will own an economic driver for Rocky Moun- after a mid-air collision in March near ley Municipal Airport, and the Fort the tanks. While details of the agree- tain Metropolitan Airport when they Vance Brand Airport in Longmont Collins-Loveland Municipal Airport, ment between the airport and Denver open on June 1, according to the killed two people — a student pilot Cinquanta said. AirCenter have not yet been worked airport’s manager. and a pilot instructor. Another pilot “It’s all the airports and all of the out, the company may be given a The new pumps also may indi- in a separate plane survived the crash. traffic in there. People are scurrying break on a future lease, or the airport rectly boost air safety in the region, In general, heavy air traffic across for gas …,” Cinquanta said. “It’s a ➤ See Pumps, 23A At film fest, Doodlebugs the rhyme’s the reason A rose by any other name … .
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