M&A
confidence high
sentiment neutral
materiality 0.50
Dawson Geophysical amends merger agreement with Wilks Brothers, adds two-step tender offer extension
DAWSON GEOPHYSICAL CO
- Amendment signed Dec 14, 2021 to Agreement and Plan of Merger with Wilks Brothers LLC and WB Acquisitions Inc.
- If 65%-80% of shares tendered in initial 20-day period, offer extended by 10 then 14 business days to reach 80% minimum.
- All other terms of the original Oct 25, 2021 Merger Agreement remain unchanged.
- Extension provisions designed to increase likelihood of satisfying the 80% minimum condition for closing.