Form 8-K DAWSON GEOPHYSICAL CO For: Oct 08

Go back to Form 8-K DAWSON GEOPHYSICAL CO For: Oct 08

Dawson Geophysical (DWSN), TGC Industries (TGE) Enter Merger Agreement

October 9, 2014 6:19 AM EDT

Dawson Geophysical Company (Dawson) (Nasdaq: DWSN) and TGC Industries, Inc. (TGC) (Nasdaq: TGE) jointly announced a proposed strategic business combination. Upon consummation of the transaction, current Dawson and TGC shareholders will own approximately 66% and 34% of the combined company, respectively. Closing of the transaction is anticipated during the first calendar quarter of 2015, subject to the approval by holders of 66.67% of the outstanding shares of both TGC and Dawson, as well as certain other closing conditions and regulatory approvals.

The transaction is structured as a tax-free stock-for-stock transaction.... More