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

Blue Logic and Hydromea to Accelerate Subsea WLAN Deployments

Blue Logic and Hydromea to Acc

Enhanced Oil Spill Detection System Starts Operating Offshore Brazil

Enhanced Oil Spill Detection S

DOF's Subsea Construction Vessel Gets Atlantic Region Jobs

DOF's Subsea Construction Vess

Vallourec to Deliver Tubular Solution for Qatar’s Drilling ops

Vallourec to Deliver Tubular S

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine