MultiClient Geophysical: Amended offer terms
Amended offer terms and update on the voluntary offer to acquire all outstanding shares in MultiClient Geophysical (MCG) by Geoex Ltd .
Competing offer has offer price of 1.25 Norwegian crown per MCG share . Offer price in initial offer made by Geoex was 1.20 crown per share .
Geoex has decided to increase consideration in initial offer to 1.40 crown per share . Accepting shareholders will receive full settlement of 1.40 crown per share upon completion of offer .
Increased offer valuates total share capital of MCG at about 130.0 million crowns ($15.9 million) .Amended offer price represents premium to offer price offered by Spectrum ASA in competing offer of about 13 percent.