TGS ASA (OB:TGS) made a bid to acquire 24.6% stake in Magseis Fairfield ASA (OB:MSEIS) from Condire Management, LP and others for NOK8.08 per share on November 8, 2022. The Mandatory Offer Document will be, subject to regulatory restrictions in certain jurisdictions. The offer is valid from November 9, 2022 to December 21, 2022. The squeeze out process has commenced and will end on January 13, 2022.
ABG Sundal Collier ASA acts as financial advisor to TGS and receiving agent for the Mandatory Offer. Advokatfirmaet Schjødt AS acts as legal advisor to TGS. Arctic Securities AS acts as financial advisor and Advokatfirmaet Thommessen AS acts as legal advisor to Magseis Fairfield.

TGS ASA (OB:TGS) completed the acquisition of 22% stake in Magseis Fairfield ASA (OB:MSEIS) from Condire Management, LP and others for NOK8.08 per share on December 21, 2022. The latest date on which settlement of the Mandatory Offer will be made is accordingly on January 4, 2023.