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Wilks Brothers, Llc Announces Expiration Of Offer To Acquire Dawson Geophysical Company

Jan 18, 2022over 3 years ago

Acquiring Company

Wilks Brothers

Acquired Company

Dawson Geophysical

Description

Wilks Brothers, LLC ("Wilks") today announced the successful completion of the tender offer (the "Offer") by WB Acquisitions Inc., a Delaware corporation ("Merger Sub") and a subsidiary of Wilks, for any and all of the issued and outstanding shares (the "Shares") of Dawson Geophysical Company (NASDAQ: DWSN) ("Dawson") at a price of US $2.34 per Share (the "Offer Price") in cash, without interest, less any applicable withholding taxes, upon the terms and subject to the conditions set forth in the Offer to Purchase, dated November 1, 2021, and in the related Letter of Transmittal, each including all amendments thereto. The Offer expired at the end of the day on January 14, 2022.

Company Information

Company

Wilks Brothers

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed