Geophysical and geological services company Geoex has completed the voluntary offer to acquire all outstanding shares in the marine seismic data provider MultiClient Geophysical (MCG).Geoex’s voluntary cash offer for all outstanding shares of MCG was made on January 19, 2017, offering NOK 1.40 per share valuating the total share capital of MCG at approximately NOK 130 million.In addition to the one from Geoex, MCG had had another takeover offer, made by Spectrum. However, Spectrum withdrew its bid in mid-February as Geoex’s bid was higher and it got support from MCG’s board.
Source: All systems go for Geoex’s MCG takeover | Offshore Energy Today