t.g.c. industries inc (TGE) Key Developments
Andrew Speese Files Class Action against Dawson Geophysical Company, TGC Industries, Inc. and Riptide Acquisition Corp
Jan 13 15
On January 7, 2015, Andrew Speese, through his attorney, filed a purported shareholder class action and derivative action on behalf of himself and the other shareholders of Dawson Geophysical Company in the United States District Court for the Western District of Texas (Midland/Odessa Division), against Dawson, its current directors, TGC Industries Inc. and Riptide Acquisition Corp., a wholly owned subsidiary of TGC. The lawsuit alleges, among other things, that the members of Dawson's board of directors breached their fiduciary duties in connection with the proposed strategic business combination with TGC, and that TGC's registration statement dated November 6, 2014, as subsequently amended, and prospectus filed on December 31, 2014 contain material omissions and materially misleading statements. The complaint seeks to enjoin Dawson, TGC and Merger Sub from taking any actions that would allow the consummation of the proposed strategic business combination contemplated by that certain Agreement and Plan of Merger, dated October 8, 2014 by and among Dawson, TGC and Merger Sub or, in the event that the proposed strategic business combination is consummated, seeks a judgment for damages. In addition, on January 8, 2015, Dawson received a letter dated January 7, 2015 from legal counsel for Andrew Speese with respect to the lawsuit demanding that the board of directors of Dawson take legal action to remedy alleged breaches of fiduciary duties in connection with the proposed strategic business combination and to recover damages caused by such alleged breaches.
TGC Industries Inc. Presents at Cowen and Company 4(th) Annual Ultimate Energy Conference, Dec-03-2014 03:00 PM
Nov 20 14
TGC Industries Inc. Presents at Cowen and Company 4(th) Annual Ultimate Energy Conference, Dec-03-2014 03:00 PM. Venue: The New York Hilton Midtown, New York, New York, United States. Speakers: Wayne A. Whitener, Chief Executive Officer, President and Director.
TGC Industries Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014
Oct 27 14
TGC Industries Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company's revenue was $26,094,909 compared to $21,115,045 a year ago. Loss from operations was $5,973,323 compared to $5,826,611 a year ago. Loss before income taxes was $6,122,093 compared to $6,102,120 a year ago. Net loss was $4,009,477 compared to $3,951,687 a year ago. Diluted loss per share was $0.18 compared to $0.18 a year ago. LBITDA was $1,264,823 compared to EBITDA of $230,481 a year ago.
For the nine months, the company's revenue was $93,133,099 compared to $115,806,689 a year ago. Loss from operations was $5,209,732 compared to $542,040 a year ago. Loss before income taxes was $5,716,028 compared to $1,445,707 a year ago. Net loss was $3,761,777 compared to $1,604,244 a year ago. Diluted loss per share was $0.17 compared to $0.07 a year ago. EBITDA was $9,430,201 compared to $18,568,436 a year ago.
Dawson Geophysical Company, TGC Industries Inc. - M&A Call
Oct 9 14
To discuss the proposed merger
TGC Industries Inc. to Report Q3, 2014 Results on Oct 27, 2014
Sep 29 14
TGC Industries Inc. announced that they will report Q3, 2014 results at 9:00 AM, Eastern Standard Time on Oct 27, 2014