Brief: PGS sells Optoseis to Geospace Technologies

Geospace Technologies

13/11/2018 15:11

Nov 13 (Reuters) - Petroleum Geo Services ASA  PGS.OL :
    * PGS SELLS OPTOSEIS TO GEOSPACE TECHNOLOGIES
    * TERMS OF TRANSACTION INCLUDE AN INITIAL CASH PAYMENT AT
CLOSING
OF $1.8 MILLION AND CONTINGENT CASH PAYMENTS OF UP TO AN
ADDITIONAL $23.2 MILLION OVER A FIVE-AND-A-HALF YEAR EARN-OUT
PERIOD
    * PARETO SECURITIES ACTED AS FINANCIAL ADVISER TO PGS IN
THIS
TRANSACTION

Source text for Eikon:  urn:newsml:reuters.com:*:nGNEnW98r
Further company coverage:  PGS.OL 

 (Reporting By Camilla Knudsen)
 ((camilla.knudsen@thomsonreuters.com;))