NEW YORK (TheStreet) -- Onshore seismic data services provider TGC Industries (TGE) - Get Report was surging 14.1% to $7.79 in premarket trading Monday as it said it will be acquired by peer Dawson Geophysical (DWSN) - Get Report 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.
was rising 4.9% to $29.32 after it said it will purchase
in a deal valued at about $39 billion.
Shares of Jeweler and specialty retailer
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.
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
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
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.
was rising 1.2% to $161.85 after
reported that conglomerate holding company
raked in about $3.7 billion from its $5 billion investment in the financial services company.
-- Written by Andrea Tse in New York.
>To contact the writer of this article, click here:
>To follow the writer on Twitter, go to
>To submit a news tip, send an email to:
Copyright 2010 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.