CGG: CGG Veritas Merger Information
18 December 2006 - 6:00PM
PR Newswire (US)
PARIS, December 18 /PRNewswire-FirstCall/ -- As previously
disclosed, Compagnie Generale de Geophysique (NYSE:GGY) and Veritas
DGC, Inc. (NYSE: VTS) will hold separate meetings of their
shareholders on January 9, 2007 in connection with the proposed
combination between the two companies. Veritas stockholders will
vote to approve the merger agreement among Veritas, CGG, and CGG's
subsidiaries Volnay Acquisition Co. I and Volnay Acquisition Co.
II. CGG shareholders will vote to approve the issuance of CGG
ordinary shares underlying the CGG ADSs to be issued pursuant to
the merger and certain related matters. Upon approval of the share
issuance and related matters by the shareholders of CGG and the
merger agreement by the stockholders of Veritas, and satisfaction
of other customary conditions, the proposed merger is expected to
close on or about January 12, 2007. Veritas shareholders may elect
to receive either CGG ADSs, cash or a combination there of (subject
to the allocation procedure described in the proxy
statement/prospectus) in exchange for their shares of Veritas
common stock. Election forms for purposes of making this election
have been mailed together with the proxy statement/prospectus on or
about December 5, 2006. The deadline for making an election with
respect to the type of merger consideration to be received is 5:00
p.m., New York City time, on January 10, 2007. Holders of Veritas
common stock should carefully complete the election forms and
submit them to the exchange agent before the election deadline.
Immediately after the effective time of the merger, the combined
company will be renamed "Compagnie Generale de
Geophysique-Veritas," abbreviated as "CGG Veritas". The trading
symbol of the combined company's ADS on the New York Stock Exchange
will be "CGV". The CGG Veritas ADSs will have the same CUSIP number
as the CGG ADSs. Contact: Christophe Barnini Tel.:
+33-1-64-47-38-10 http://www.ccg.com/ DATASOURCE: Geophysique
CONTACT: Contact: Christophe Barnini, Tel.: +33-1-64-47-38-10, ,
http://www.ccg.com/
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