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Norway’s TGS to buy seismic rival PGS for $864 mln

admin by admin
September 18, 2023
in Business
Norway’s TGS to buy seismic rival PGS for $864 mln
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  • All share deal offers estimated 21% premium to PGS investors
  • Deal marks shift by TGS into vessel ownership
  • PGS shares up 17%, TGS shares gain 4%

OSLO, Sept 18 (Reuters) – Seismic group TGS (TGS.OL), a supplier of key data to the oil industry, has agreed to buy loss-making rival PGS (PGS.OL) in an all-share deal valued at 9.3 billion Norwegian…



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