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Veritas DGC Inc., Veritas Energy Services Inc. and Enertec Resource Services Inc. Announce Mailing of Information for Special Meetings of Securityholders.


HOUSTON--(BUSINESS WIRE)--August 17, 1999--

Veritas DGC DGC Directors Guild of Canada
DGC Distributed Garbage Collector
DGC Dystrophin-associated Glycoprotein Complex
DGC Data General Corporation
DGC Dakota Gasification Company
DGC Dirección General de Caminos (Guatemala) 
 Inc. (NYSE NYSE

See: New York Stock Exchange
 & TSE See Tokyo Stock Exchange.

TSE

1. See Tokyo Stock Exchange (TSE).

2. See Toronto Stock Exchange (TSE).
: VTS), Veritas Energy Services Inc. (TSE: VER) and Enertec Resource Services Inc. (TSE: ERS ERS,
n.pr See extended rotated side-bent.
) today jointly announced the commencement of the mailing of information for special meetings of securityholders of each company to be held September 21 and 22, 1999.

The special meetings have been called to seek securityholder approval of the proposed acquisition of Enertec by Veritas DGC in a previously announced stock-for-stock transaction. The combination agreement between the parties generally provides for the exchange of 0.345 of a Veritas DGC share for each Enertec share. Consummation of the transaction is subject to approval by securityholders of each company and by the Court of Queen's Bench of Alberta The Court of Queen's Bench of Alberta is the superior court of the Canadian province of Alberta. Structure
  • The Court of Queen's Bench of Alberta consists of a Chief Justice and several judges plus those judges who have elected supernumerary status after many years
. Assuming that these approvals are obtained, the companies expect the transaction to close on or prior to September 30, 1999.

Enertec is a Calgary based provider of land acquisition, seismic data processing, and marine geophysical surveys and positioning services for both production and engineering purposes. Veritas DGC, headquartered in Houston, provides integrated geological and
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Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Publication:Business Wire
Geographic Code:1CANA
Date:Aug 17, 1999
Words:175
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