Investegate announcements from TGS, TGS ASA and Magseis Fairfield ASA Announce a Recommended Voluntary Exchange Offer by TGS to Acquire All Shares of Magseis
OSLO, Norway (29 June 2022) - TGS ASA ("TGS", OSE: TGS) and Magseis Fairfield ASA ("Magseis", OSE: MSEIS) announce today that they have entered into a transaction agreement (the "Transaction Agreement")
TGS and Magseis Fairfield have entered into a transaction agreement whereby TGS on and subject to certain terms and conditions will put forward a voluntary exchange offer to acquire all shares of Magseis. The Offer values the total issued share capital of Magseis at approx. NOK 2,333 million.