TGS completed the merger with Spectrum in a $422m deal.

TGS-NOPEC Geophysical Company completed the merger with Spectrum, creating a provider of 2D and 3D seismic data, in a deal valued at $422m. Spectrum shareholders received 0.28x ordinary shares of TGS for each Spectrum share, in addition to a cash consideration of $0.27 multiplied by the exchange ratio. "The strategic combination of TGS and Spectrum will form a stronger and better company with a world-class data library, people and opportunities. We look forward to joining forces with TGS. There are strong strategic benefits from combining the companies, and we believe we can enhance our growth as part of a larger combined company," Rune Eng, Spectrum President & Chief Executive Officer.