11 June 2007substantial holder notice● Neutral
BARCLAYS GLOBAL INVESTORS, NA. and 1 other reported no remaining CGG HOLDING (U.S.) INC. shareholding in its periodic institutional filing.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
30 Jan 2007listing compliance notice● NeutralMajor
CGG HOLDING (U.S.) INC.'s exchange filed to remove a class of its securities from listing.
23 Jan 2007substantial holder notice● Neutral
BARCLAYS GLOBAL INVESTORS, NA. and 1 other disclosed a new substantial CGG HOLDING (U.S.) INC. shareholding (3.00% of votes).
17 Jan 2007director interest notice● Neutral
CGG HOLDING (U.S.) INC. director Yoram Shoham disposed of 16,000 shares via option/appreciation-right settlement.
17 Jan 2007director interest notice● Neutral
CGG HOLDING (U.S.) INC. VP, Gen. Counsel & Secretary Larry L Worden disposed of 24,177 shares via option/appreciation-right settlement.
17 Jan 2007director interest notice● Neutral
CGG HOLDING (U.S.) INC. director James R Gibbs disposed of 39,250 shares via option/appreciation-right settlement.
17 Jan 2007director interest notice● Neutral
CGG HOLDING (U.S.) INC. Executive VP, CFO & Treasurer Mark E Baldwin disposed of 36,243 shares via option/appreciation-right settlement.
17 Jan 2007director interest notice● Neutral
CGG HOLDING (U.S.) INC. Chairman and CEO Thierry Pilenko disposed of 176,346 shares via option/appreciation-right settlement.
17 Jan 2007director interest notice● Neutral
CGG HOLDING (U.S.) INC. director Terence K Young disposed of 16,000 shares via option/appreciation-right settlement.
17 Jan 2007director interest notice● Neutral
CGG HOLDING (U.S.) INC. director Clayton P Cormier disposed of 18,004 shares via option/appreciation-right settlement.
17 Jan 2007director interest notice● Neutral
CGG HOLDING (U.S.) INC. director David F Work disposed of 16,000 shares via option/appreciation-right settlement.
17 Jan 2007director interest notice● Neutral
CGG HOLDING (U.S.) INC. director Jan A Rask disposed of 37,500 shares via option/appreciation-right settlement.
17 Jan 2007director interest notice● Neutral
CGG HOLDING (U.S.) INC. President and COO Timothy L Wells disposed of 54,309 shares via option/appreciation-right settlement.
17 Jan 2007director interest notice● Neutral
CGG HOLDING (U.S.) INC. director Loren K Carroll disposed of 21,000 shares via option/appreciation-right settlement.
17 Jan 2007director interest notice● Neutral
CGG HOLDING (U.S.) INC. VP and Corporate Controller Dennis S Baldwin disposed of 11,583 shares via option/appreciation-right settlement.
12 Jan 2007listing compliance notice▼ BadMajor
CGG HOLDING (U.S.) INC. terminated the registration of a class of securities, ending its reporting obligation for them.
11 Jan 2007director interest notice● Neutral
CGG HOLDING (U.S.) INC. President and COO Timothy L Wells exercised stock options for 33,980 shares and disposed of 33,980 shares.
11 Jan 2007capital raising announcement● Neutral
In the weeks before the CGG deal closed, holders of $130.5 million of Veritas's convertible notes converted them into cash and stock at the notes' fixed $24.03 conversion price, cashing in ahead of the merger's completion.
11 Jan 2007director interest notice● Neutral
CGG HOLDING (U.S.) INC. V.P., Gen. Counsel & Secretary Larry L Worden exercised stock options for 16,732 shares and disposed of 16,732 shares.
1 Dec 2006business combination● NeutralMajor
Veritas filed its definitive proxy statement asking shareholders to vote on January 9, 2007 to adopt the September 4, 2006 merger agreement with Compagnie Générale de Géophysique (CGG) and its subsidiaries Volnay Acquisition Co. I and II. Shareholders can elect cash or CGG ADSs (subject to proration), with CGG issuing up to about 49.8 million ADSs and paying about $1.6 billion in cash; former Veritas holders would own about 36% of CGG shares, and the combined company would be renamed CGG-Veritas. The board unanimously recommends approval, and a majority of shares outstanding on November 18, 2006 is required; this is the shareholder-vote step of the CGG deal announced in September 2006.
20 Nov 2006business combination▲ Good
The US government's CFIUS panel completed its national-security review of the pending CGG acquisition, clearing one of the deal's key remaining regulatory hurdles.
5 Sept 2006business combination▲ GoodMajor
CGG agreed to acquire Veritas DGC in a deal valued at about $3.1 billion, roughly 49% cash and 51% CGG ADSs. Veritas holders could elect $75.00 cash or 2.2501 ADSs per share, subject to proration and shareholder and regulatory approval. Veritas also amended its poison pill so the deal would not trigger it.
23 Aug 2006director interest notice● Neutral
CGG HOLDING (U.S.) INC. Exec. VP, CFO & Treasurer Mark E Baldwin had 1,102 shares withheld for taxes on vesting stock.
23 Aug 2006director interest notice● Neutral
CGG HOLDING (U.S.) INC. VP, Corporate Controller Dennis S Baldwin had 220 shares withheld for taxes on vesting stock.
28 Mar 2006material agreement● Neutral
Veritas raised executive base salaries again, including CEO Pilenko's to $515,000, continuing the annual pay increases begun the prior year.
13 Feb 2006substantial holder notice● Neutral
Ziff Asset Management, L.P., PBK Holdings, Inc., Philip B. Korsant reported a CGG HOLDING (U.S.) INC. shareholding of 600,273 shares (1.70% of votes) in a periodic institutional filing.
9 Feb 2006material agreement▲ GoodMajor
Veritas signed a new five-year, $85 million revolving credit facility spanning the US, Canada, Singapore and the UK, led by Wells Fargo and secured by its receivables, subsidiary stock and its US seismic land-data library.
6 Feb 2006director interest notice● Neutral
CGG HOLDING (U.S.) INC. President & COO Timothy L Wells had 604 shares withheld for taxes on vesting stock.
6 Feb 2006substantial holder notice● Neutral
Goldman Sachs Asset Management, L.P. reported a CGG HOLDING (U.S.) INC. shareholding of 3,183,585 shares (9.10% of votes) in a periodic institutional filing.
27 Jan 2006substantial holder notice● Neutral
BARCLAYS GLOBAL INVESTORS, NA. and 1 other disclosed a new substantial CGG HOLDING (U.S.) INC. shareholding (2.77% of votes).