Shareholders approve TGS, Spectrum merger

Norwegian seismic companies TGS-NOPEC and Spectrum are expected to complete their previously proposed merger in the third quarter of 2019.

TGS-NOPEC on Friday afternoon said that both sets of shareholders had approved the proposed merger on the same day at extraordinary general meetings held at 5 p.m.

“All resolutions proposed were approved by the shareholders of TGS. Concurrently with the TGS extraordinary general meeting, an extraordinary general meeting of Spectrum ASA has also approved the merger plan,” TGS said.

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