Norwegian seismic player TGS is set to expand its footprint in the South American market and gain the world’s largest 2D data library through its proposed acquisition of compatriot Spectrum in a cash-and-shares deal that values the latter at Nkr3.67 billion ($418.5 million).
TGS is offering 0.28 of its own shares per Spectrum share plus a cash consideration of $0.27
