CGG and Veritas DGC stockholders approve mergerNews // January 10, 2007
Compagnie Générale de Géophysique and Veritas DGC have aannounced that their respective special meetings of stockholders have taken place, with both companies receiving the necessary stockholder approvals to complete their merger.
Veritas stockholders voted to adopt the merger agreement pursuant to which Veritas will merge with a subsidiary of CGG. CGG stockholders approved the issuance of CGG ADSs to Veritas stockholders in the merger.
Upon the satisfaction of other customary conditions, the proposed merger is expected to close on January 12th.
Following the closing of the merger, the combined company will be renamed Compagnie Générale de Géophysique-Veritas, abbreviated as CGGVeritas.
The trading symbol of the combined company's ADS on the New York Stock Exchange will be "CGV".