Compagnie Generale de Geophysique extends Veritas shareholder deadline

By Lisa Kerner

Charlotte, N.C., Jan. 5 - Compagnie Generale de Geophysique and Veritas DGC, Inc. extended their deadline to Jan. 10 from Jan. 5 for Veritas common stock holders to elect to receive cash or CGG American Depositary Shares as part of the company's merger.

The extension is due to the closing of the New York Stock Exchange on Jan. 2, and ensures that holders of Veritas' floating-rate convertible senior notes due 2024 who converted on Dec. 21 will be holders of record for choosing cash or ADSs.

The $3.1 billion, part-cash, part-stock merger, announced in September, is expected to close by Jan. 12, according to a news release.

CGG is a Massy, France-based provider of seismic data acquisition, processing and reservoir services to clients in the oil and gas exploration and production business.

Veritas, based in Houston, provides integrated geophysical information and services to the petroleum industry.

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