San Diego, CA -- (SBWIRE) -- 10/14/2014 -- An investigation on behalf of investors, who currently hold shares of Dawson Geophysical Company (NASDAQ:DWSN), was announced concerning whether the takeover of Dawson Geophysical Company by TGC Industries, Inc is unfair to NASDAQ:DWSN stockholders.

Investors who purchased shares of Dawson Geophysical Company (NASDAQ:DWSN) and currently hold any of those NASDAQ:DWSN shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain officers and directors of Dawson Geophysical Company breached their fiduciary duties owed to NASDAQ:DWSN investors in connection with the proposed acquisition.

On October 9, 2014, Dawson Geophysical Company (NASDAQ:DWSN) and TGC Industries, Inc. (NASDAQ: TGE) announced a proposed strategic business combination. Under the terms of the proposed transaction, TGC Industries, Inc. will implement a 1-for-3 reverse stock split, after which shareholders will receive 1.76 shares of TGC Industries, Inc. (NASDAQ: TGE) common stock for each share of Dawson Geophysical Company (NASDAQ:DWSN) they own.

However, given that at least one analyst has set the high target price for NASDAQDWSN shares at $35.00 per share, that following the takeover news NASDAQ:DWSN shares jumped to as high as $18.51 per share in the open market on October 9, 2014, and that DWSN shares traded as recently as June 13, 2014 as high as $30.39, respectively $34.35 per share in January 2014, the investigation concerns whether the offer is unfair to NASDAQ:DWSN stockholders. More specifically, the investigation concerns whether the Dawson Geophysical Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
Dawson Geophysical Company reported that its Total Revenue rose from $205.27 million for the 12 months period that ended on Sept. 30, 2010 to $305.30 million for the 12 months period that ended on Sept. 30, 2013 and that its Net Loss of $9.35 million for the 12 months period that ended on Sept. 30, 2010 turned into a Net income of $10.48 million for the 12 months period that ended on Sept. 30, 2013. Shares of Dawson Geophysical Company (NASDAQ:DWSN) traded as high as $30.39 per share in June 2014, as high as $34.35 per share in January 2014 and as high as $40.18 per share in July 2013.

On October 10, 2014, NASDAQ:DWSN shares closed at $17.73 per share.

Those who are current investors in Dawson Geophysical Company shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com