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CGGVeritas moves closer in its Wavefield takeover
Published 26.01.2009 10:42:21 by Patrick Mcloughlin

French group CGGVeritas says that under its all-shares mandatory takoever offer for Wavefield Inseis ASA, it now has 83.39% of the Norwegian listed seismic group.

The French seismic and survey group said in a statement that on January 25, it received acceptances for 748,332 shares in Wavefield.

Consequently, CGGVeritas has in total received acceptances for 4,300,348 of shares in Wavefield, the Paris-based group said.

Including the latest shares, CGGVeritas now controls 107,892,785 shares in Wavefield, representing 83.39% of the equity and voting rights.

The offer price is NOK 15.17 per share and the offer acceptance period expires on January 27.

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