Oct. 9, 2014, 8:35 AM
- Dawson Geophysical (NASDAQ:DWSN) and TGC Industries (NASDAQ:TGE) agree to merge in a stock-for-stock transaction.
- The new combined company will have an expanded geographical presence, a stronger balance sheet, more efficient operations and an expanded client base, the companies say.
- Upon completion of the deal, current DWSN shareholders will own ~66% of the combined company, and TGE shareholders will own 34%.
Dawson Geophysical Co is a provider of seismic data acquisition services throughout the continental United States and Canada. The Company acquires geophysical data using the latest in 3-D survey techniques.
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