PGS Receives Withdrawal Notice from Veritas for Merger

Petroleum Geo-Services ASA has received a written communication from Veritas DGC Inc. to the effect that the board of directors of Veritas has withdrawn its approval and recommendation supporting the pending combination with PGS under the merger agreement between the two companies. In light of this communication, which was announced by Veritas on July 30, PGS announced that it intends to proceed to terminate the merger agreement in accordance with its terms.
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