ION Technology Changes The Landscape

July 2008 | M&A News Alert

There were rumbles in the seismic technology industry on July 9, when ION Geophysical announced a definitive agreement to acquire all the outstanding shares of ARAM Systems, and its affiliate, Canadian Seismic Rentals. ION will pay US$275mn in cash, with the remainder of the US$345mn to be paid in ION common stock.

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