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Friday 9 October 2026 · Oil, gas and mining explorers, from their own disclosures

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CGG HOLDING (U.S.) INC.

8 story beats from 2001 to 2007

The story so far

The events that changed the company's story, in plain English, each written against everything known about the company at the time. The dot shows whether it was good, bad or neutral for shareholders.

2007

  1. 30 Jan

    CGG HOLDING (U.S.) INC.'s exchange filed to remove a class of its securities from listing.

    listing compliance notice

  2. 12 Jan

    CGG HOLDING (U.S.) INC. terminated the registration of a class of securities, ending its reporting obligation for them.

    listing compliance notice

2006

  1. 5 Sept

    France's Compagnie Générale de Géophysique (CGG) agreed to acquire Veritas DGC for about $1.5 billion, split roughly 51% CGG stock and 49% cash - Veritas shareholders could choose $75.00 cash or 2.2501 CGG American Depositary Shares per share - pending shareholder and regulatory approval; Veritas also amended its poison pill so the deal itself wouldn't trigger it.

    business combination

  2. 9 Feb

    Veritas signed a new five-year, $85 million revolving credit facility spanning the US, Canada, Singapore and the UK, led by Wells Fargo and secured by its receivables, subsidiary stock and its US seismic land-data library.

    material agreement

2005

  1. 28 Mar

    Veritas raised base salaries for its top executives, including CEO Pilenko (to $475,000), and agreed to reimburse up to $30,000 in legal fees Pilenko and CFO Mark Baldwin incurred getting personal advice on the company's pending financial restatement - the same restatement that had forced Veritas to delay its fiscal 2004 10-K the previous October.

    material agreement

2002

  1. 31 July

    Veritas's board withdrew its support for the PGS combination and the two companies formally terminated the merger agreement, ending nine months of negotiation and three rounds of amendments without a deal.

    business combination

  2. 29 Apr

    The SEC agreed Veritas would be the accounting acquirer in the pending PGS combination under revised terms: PGS's exchange ratio was cut to 0.40 shares (from 0.47), Veritas holders would own 44% of the new company with a 6-4 board majority, and Veritas's own CEO and CFO would run it - terms that shifted materially in Veritas's favor since the deal was first announced.

    business combination

2001

  1. 28 Nov

    Veritas DGC agreed to combine with Norway's Petroleum Geo-Services (PGS) as a "merger of equals" under a new Cayman Islands holding company, with PGS shareholders getting 0.47 new shares per PGS share and Veritas shareholders converting one-for-one; the deal still needed shareholder votes and antitrust clearance.

    business combination