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

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.