Gulf Oil and Gas accountACCOUNT

TGS & Spectrum Execute Merger Agreement & Merger Plan

Source: www.gulfoilandgas.com 5/21/2019, Location: North America

With reference to announcements on 2 May 2019, TGS-NOPEC Geophysical Company and Spectrum have announced that their respective board of directors have unanimously approved and decided upon a final merger agreement and merger plan in line with the terms previously announced.

The merger plan is now to be submitted to and registered by the Norwegian Register of Business Enterprises. The merger plan (with appendices) can be seen here.

Completion of the merger is subject to approval by extraordinary general meetings in TGS and Spectrum, expected to be held on or about 21 June 2019. Notices for the general meetings will be sent to shareholders shortly. As previously reported, Spectrum shareholders representing more than 34% have given their support to the transaction and undertaken to vote their shares in favor thereof.

For further information on the transaction, including strategic rationale, information on the two companies and the transaction terms, see the announcement of 2 May 2019.

Mergers and Acquisitions News in United States >>

Algeria >>  5/30/2020 - SONATRACH announces the completion of a transaction to acquire 19.10% of the shares held by the Spanish company CEPSA Holding in the Company Medgaz. W...
United Kingdom >>  5/28/2020 - InfraStrata plc (INFA) is pleased to announce that it has entered into a term sheet with West Face Long Term Opportunities Global Master L.P. (the Ven...

Australia >>  5/25/2020 - 88 Energy Limited has commenced the despatch of its bidder’s statement dated 21 May 2020, which contains 88 Energy’s offers to acquire all of the ordi...
Netherlands/Holland >>  5/25/2020 - Fugro has received USD 17.3 million from the sale by Global Marine Group of a 30% stake in Huawei Marine Networks (HMN) to Hengtong Optic-Electric Co ...

Canada >>  5/21/2020 - Matthew Bassett, CEO & Chairman of Bassett Financial Corporation, the financial advisor for Refinery Ventures Corporation, has announced that the comp...
Colombia >>  5/21/2020 - Petrobras, following up on the press release disclosed on 03/06/20, informs that the non-binding phase related to the sale of 100% of the shares held ...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


United States Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.