UCE Syntech Holdings, which is owned by IGSS chief executiveNikolay Levitskiy, is pursuing the acquisition of 31% of IGSS stock in order to trigger a mandatory offer for all outstanding shares.
It is offering $15 per IGSS share or $30 per global depository receipt, valuing the entire issued share capital of the seismic outfit around $312.5 million.
The board of IGSS has urged shareholders not to take actionwhile it continues to consider the approach.
IGSS
