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.


Telecom giant AT&T ( T) was rising 4.9% to $29.32 after it said it will purchase T-Mobile USA from Germany's Deutsche Telekom ( DT ) in a deal valued at about $39 billion.


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
More on Earnings
Today's Top Earnings
Earnings Calendar

-- Written by Andrea Tse in New York.

>To contact the writer of this article, click here: Andrea Tse.

>To follow the writer on Twitter, go to Andrea Tse.

>To submit a news tip, send an email to: tips@thestreet.com.
Copyright 2010 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

If you liked this article you might like

The Super Bowl Winner Will Get a Lombardi Trophy Worth About $1,400

The Super Bowl Winner Will Get a Lombardi Trophy Worth About $1,400

What's Coming Out of Washington: Cramer's 'Mad Money' Recap (Wednesday 1/17/18)

What's Coming Out of Washington: Cramer's 'Mad Money' Recap (Wednesday 1/17/18)

Cramer: Consumer Health Is Unappreciated

Cramer: Consumer Health Is Unappreciated

A New Test for Sears CEO Eddie Lampert

A New Test for Sears CEO Eddie Lampert

Jim Cramer: Looking for Treasure in the Cellar

Jim Cramer: Looking for Treasure in the Cellar