Tag Archives: Inc.

Dawson Geophysical And TGC Industries Announce Filing Of Definitive Proxy Materials And Commencement Of Mailing Definitive Proxy Materials To Their Respective Shareholders

Dawson Geophysical Company (Dawson) (DWSN) and TGC Industries, Inc. (TGC) (TGE) today announced that TGC has filed a definitive joint proxy statement/prospectus with the Securities and Exchange Commission (SEC), and that Dawson and TGC have commenced mailing of definitive proxy materials in connection with the proposed strategic business combination between Dawson and TGC.

In connection with the proposed merger, Dawson and TGC will each hold special meetings of their respective shareholders on Monday, February 9, 2015.  The special meeting of Dawson shareholders will be held at 3:00 p.m. central time at the offices of Baker Botts L.L.P. at 2001 Ross Avenue, Suite 1100, Dallas, Texas and the special meeting of TGC’s shareholders will be held at 2:00 p.m. central time at the offices of Haynes and Boone, LLP at 2323 Victory Avenue, Suite 700, Dallas, Texas.  Shareholders of record as of the close of business on December 29, 2014, will be entitled to vote at the special meetings.

Stephen Jumper, President and Chief Executive Officer of Dawson, said: “We believe the strategic business combination of these two companies, with over 100 years of existence in the seismic data acquisition industry between them, is in the best interest of the combined shareholders, clients and employees. The combined company puts together two management teams, each with a history of navigating the cyclical nature of the industry, maintaining a strong, conservative balance sheet, and having industry leading technology and talented expertise in various areas of operation.”

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Benzinga’s Weekend M&A Chatter

The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday January 2 through Sunday January 4, 2014

Perfect World Reports Chairman’s Preliminary Non-Binding ‘Go-Private’ Offer of $20/ADS

The Offer:
Perfect World Co., Ltd. (NASDAQ: PWRD) announced Friday, that its board of directors has received a preliminary non-binding proposal from its founder and chairman, Mr. Michael Yufeng Chi, to acquire all of the outstanding shares of Perfect World he does not currently own, in a going private transaction for $20.00 per ADS ($4.00 per ordinary share) in cash.

Perfect World’s Board has formed a special committee of independent directors to consider the proposal.

Perfect World shares closed Friday at $19.25, up 22%.

Kindred Acquires Centerre Healthcare for $195M

The Deal:
Kindred Healthcare, Inc. (NYSE: KND) announced Friday, that it has completed the previously announced acquisition of Centerre Healthcare Corporation for approximately $195 million in cash.

Kindred Healthcare shares closed Friday at $17.77, down more than 2%.

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Washington Trust Provides $2.6 Million in Financing for Walgreens Drugstore in Providence, RI

According to Yahoo Finance, Washington Trust’s Commercial Real Estate Group recently provided $2.6 million to Curo Elmwood, LLC, for the refinancing of a Walgreens drugstore located at 533 Elmwood Avenue in Providence, RI. The 2.13-acre property, well located in South Providence, provides customers with 13,930 square-feet of retail space including a pharmacy drive through window. Walgreen’s is the largest drugstore chain in the US, and the Elmwood Avenue location is currently one of the Company’s highest producing stores.

“With the heavy traffic on Elmwood Avenue and familiarity of the Walgreens name, this property is primed for continued success,” said Joseph J. MarcAurele, Washington Trust Chairman and Chief Executive Officer.

Curo Elmwood, LLC is managed by Curo Enterprises out of New York.

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