LONDON (Alliance News) - IG Seismic Services PLC Thursday confirmed it is "considering its options" regarding the takeover offer made by UCE Synttech Holdings Ltd on Monday.
IG Seismic Services said it would make a further announcement in due course.
On Monday, Synttech made an offer for IG Seismic Services valuing the company at approximately USD312.5 million, or USD15 per share.
Synttech is owned by IG Seismic Services Chief Executive Nikolay Levitskiy and a number of his family trusts. It is incorporated in Cyprus and owns about 31.45% of IG Seismic Services' shares.
In Thursday's statement, IG Seismic Services urged shareholders to take no action in respect of the offer by Synttech.
IG Seismic shares were untraded at USD30.00.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
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Ig Seismic S (IGSS)