Spectrum Q1 EBIT Swings To Profit Of $15.2 Million [Reuters]
TGS ASA S/ADR (TGSGY)
NASDAQ:AMEX Investor Relations:
tgs.com/investor-center
Company Research
Source: Reuters
Spectrum ASA (SPU.OL) Key Developments | Reuters.com May 10 (Reuters) - Spectrum ASA ::OPERATIONAL CASH FLOW IN Q1 WAS MUSD 43.2 (2018: MUSD 28.6).Q1 NET OPERATING REVENUE $45.6 MILLION VERSUS $15.6 MILLION YEAR AGO.Q1 EBIT $15.2 MILLION VERSUS LOSS $7.8 MILLION YEAR AGO. Full Article May 2 (Reuters) - Tgs Nopec Geophysical Company Asa ::REG-TGS ACQUIRING SPECTRUM TO CEMENT ITS POSITION AS A LEADING PROVIDER OF MULTI-CLIENT SEISMIC DATA.TGS NOPEC GEOPHYSICAL COMPANY -TRANSACTION SUPPORTED BY BOARD OF EACH OF COMPANIES, AS WELL AS SPECTRUM SHAREHOLDERS REPRESENTING MORE THAN 34 %.SAYS EXCHANGE RATIO AND CASH CONSIDERATION IMPLY A TRANSACTION SHARE PRICE OF SPECTRUM OF NOK 61.9 PER SHARE.TGS NOPEC GEOPHYSICAL COMPANY -COMBINATION TO BENEFIT FROM SIGNIFICANT COST SYNERGIES WITH A PRELIMINARY ESTIMATE OF APPROXIMATELY USD 20 MILLION ANNUALLY..SAYS EXCHANGE RATIO PLUS CASH CONSIDERATION IMPLIES A FULLY DILUTED EQUITY VALUE OF SPECTRUM OF NOK 3,671 MILLION.TGS - MERGER CONSIDERATION TO SPE
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