.
MergerLinks Header Logo

New Deal


Announced

Dawson Geophysical to merge with Wilks Brothers in a $56m deal.

Financials

Edit Data
Transaction Value£40m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Friendly

Public

Domestic

Merger

Single Bidder

United States

Data Centers and Hosting

Acquisition

seismic data

Pending

Tender Offer

Synopsis

Edit

Dawson Geophysical, a provider of onshore seismic data acquisition services, agreed to merge with Wilks Brothers, an investment management firm, in a $56m deal. "Given the limited trading liquidity in our stock, this transaction offers our shareholders compelling value for their shares and the ability to most efficiently realize that value. It also provides Dawson with financial flexibility otherwise not available in the challenging environment in which the Company is currently operating. Our ability to withstand the continued volatile markets is enhanced with this partnership. The Wilks' entities have demonstrated a highly successful track-record and we believe they will be a strong, long-term partner for our employees and customers," Stephen C. Jumper, Dawson Geophysical President and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US