Key Developments: TGC Industries Inc (TGE.O)
8.81USD
22 May 2013
$-0.11 (-1.23%)
$8.92
$8.97
$9.09
$8.79
58,256
79,372
$10.05
$5.01
Latest Key Developments (Source: Significant Developments)
TGC Industries Inc Declares Five Percent Stock Dividend
TGC Industries Inc announced that its Board of Directors has declared a 5% stock dividend on its outstanding Common Stock. Shareholders of record as of April 30, 2013 will receive the stock dividend for each share owned on that date, payable on May 14, 2013. Full Article
TGC Industries Inc Declares Cash Dividend
TGC Industries Inc announced that on December 5, 2012 its Board of Directors declared a cash dividend of $0.15 per share on the Company's common stock, payable on December 27, 2012 to shareholders of record at the close of business on December 17 , 2012. Full Article
TGC Industries Inc Announces Purchase Of Additional Wireless Recording Equipment
TGC Industries Inc announced that it has entered into an agreement with Geospace Technologies to purchase 8,000 stations of 3-channel GSX wireless recording equipment, along with all peripheral equipment, to be deployed in Canada. After this delivery, TGC will own approximately 70,000 wireless channels, enabling the Company to have the largest fleet of Geospace wireless data acquisition units in North America . Terms of the transaction were not disclosed. Full Article
TGC Industries, Inc. Declares Five Percent Stock Dividend
TGC Industries, Inc. announced that its Board of Directors has declared a 5% stock dividend on its outstanding Common Stock. Shareholders of record as of April 30, 2012 will receive the stock dividend for each share owned on that date, payable on May 14, 2012. Full Article
Dawson Geophysical Co. Announces Termination Of Merger Agreement With TGC Industries, Inc.
Dawson Geophysical Co. announced that TGC Industries, Inc. (TGC) has terminated the definitive merger agreement pursuant to which Dawson would have acquired TGC in a tax-free stock-for-stock transaction. As of the result of the 10 day volume weighted average price for Dawson's stock as of October 25, 2011 falling outside the designated range specified in the merger agreement, Dawson and TGC engaged in discussions and exchanged letters concerning possible adjustments to the merger exchange ratio of Dawson stock for TGC stock prior to and on October 26 and 27, 2011. However, the parties were unable to reach agreement regarding an adjustment to the exchange ratio. At the special shareholders meeting held by each of the companies on October 27, 2011, the transaction received support from both Dawson's and TGC's shareholders. At Dawson's special meeting, the merger proposal was adopted with the affirmative vote of approximately 77% of Dawson's outstanding shares, including the affirmative vote of approximately 97% of the shares voted at the meeting. Dawson has been advised by TGC that the merger proposal received the affirmative vote of approximately 76% of TGC's outstanding shares, slightly under the 80% level required in TGC's charter documents to complete the merger. Full Article
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