March 9 (Reuters) - Electromagnetic Geoservices ASA EMGS.OL:
NON-BINDING TERM SHEET FOR ASSET TRANSACTION
TO TRANSFER BUSINESS TO SUBSIDIARY BEFORE SALE TO BUYER
PURCHASE PRICE FOR EM BUSINESS SIGNIFICANTLY BELOW OUTSTANDING EMGS03 DEBT
POST-DEAL, EMGS TO HOLD NO MATERIAL ASSETS BEYOND PURCHASE PRICE
DEAL COMPLETION SUBJECT TO CONSENTS AND WAIVERS FROM EMGS03 BONDHOLDERS
Source text: ID:nGNE27YH20
Further company coverage: EMGS.OL
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