NEW YORK ( TheStreet) -- Onshore seismic data services provider TGC Industries (TGE) was surging 14.1% to $7.79 in premarket trading Monday as it said it will be acquired by peer Dawson Geophysical ( DWSN) in a transaction valued at about $157 million, representing about $8 a TGC share. TGC shareholders will receive 0.188 a share of Dawson stock for every share of TGC stock. The combined company will retain the Dawson name and trading symbol.
Shares of Jeweler and specialty retailer Tiffany (TIF) were popping 5.4% to $60.40 after reporting fourth-quarter net earnings from continuing operations of $1.41 a share and $1.44 a share excluding items, compared with the consensus estimate of $1.39 a share.
Electronics company Sony (SNE) was rising 3.4% to $32.60 as it began restarting production in Japan after the country was hit by a massive earthquake.
Financial services company Citigroup (C) was rising 3.2% to $4.65 in premarket trading Monday as it announced a 1-for-10 reverse common stock split and said it plans to reinstate a quarterly dividend of 1 cents a share in the second quarter.
Oil and natural gas exploration and production company Anadarko Petroleum ( APC ) was rising 2.4% to $79.10 as Korea National Oil bought about one-third of the company's resource-rich Maverick Basin assets stake for about $1.55 billion.
Goldman Sachs (GS) was rising 1.2% to $161.85 after Bloomberg reported that conglomerate holding company Berkshire Hathaway (BRK.B) raked in about $3.7 billion from its $5 billion investment in the financial services company. >>Search for Highest Dividends by Rate or Yield
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