The Law Office of Joseph Klein is investigating the Board of Directors of TGC Industries, Inc. (Nasdaq: TGE) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Dawson Geophysical Company (Nasdaq: DWSN). Under the terms of the transaction, TGC shareholders will receive 0.188 shares of Dawson stock for every share of TGC stock they own. Based on the previous day closing price for Dawson stock, the transaction values TGC at $8.00 per share for a total transaction value of approximately $157 million.
The investigation concerns whether the TGC Board of Directors breached their fiduciary duties to TGC stockholders by failing to adequately shop the Company before entering into this transaction and whether Dawson is underpaying for TGC shares. When the transaction is complete, Dawson will have 11.7 million shares outstanding, with 68 percent owned by current Dawson shareholders and 32 percent held by TGC investors.
If you own common stock in TGC and wish to obtain additional information, please contact Joseph Klein, Esq. directly, via email at
, by telephone at 718-947-0005, Toll Free: 877-STOK-180, or visit
Joseph Klein, Esq. is an experienced attorney and has also practiced as a Certified Public Accountant. Mr. Klein represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:Joseph Klein, Esq.1560 East 27th StreetBrooklyn, NY 11229Telephone: (718) 947-0005Fax: (718) 799-1443Toll Free: (877) STOK-180 (877-786-5180)E-Mail: