Spectrum makes offer for MultiClient Geophysical

Norwegian geoscience firm Spectrum has made an offer to acquire fellow Norwegian outfit MultiClient Geophysical for US$13.94 million (NOK 116 million).

The offer trumps an earlier offer made by UK-based geoscience firm Geoex by about 19% and is also a 16% premium on MultiClient Geophysical's closing price on the Oslo Axess, immediately before Geoex's offer.

It's also a 67% and 69% premium respectively on the volume weighted average share prices in the three and six month periods ending before announcement of the Geoex Offer on 22 December 2016.

Spectrum is in the process of finalizing an offer document, setting out terms. The offer period is expected to start early February and last about two weeks, although it could be extended. 

Current News

Wind Opponents Sue to Block Empire Wind

Wind Opponents Sue to Block Em

Wärtsilä to Supply Regasification Module for Egypt-Bound FSRU Conversion

Wärtsilä to Supply Regasificat

Sonardyne to Deliver Seabed Monitoring Kit for North Sea CCS Project

Sonardyne to Deliver Seabed Mo

Kongsberg Maritime to Supply Equipment for Sea1 Offshore’s OCVs

Kongsberg Maritime to Supply E

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine