Haavind is acting as legal advisor to the board and management of Spectrum in connection with the competing takeover bid.

On 19 January 2017, Geoex Ltd. (Geoex) launched a takeover bid to acquire all of the shares in MultiClient Geophysical ASA (MCG), a seismic company listed on Oslo Axess. On, 24 January 2017, Spectrum ASA (Spectrum), a seismic company listed on Oslo Børs, announced a competing takeover bid at a price of NOK 1.25 per shares.

The offer from Spectrum represents a premium compared to the Geoex offer of approx. 19% compared with the first consideration to be paid from Geoex and a premium of approx. 4%  compared to the total consideration offered by Geoex.

Haavind is acting as legal advisor to the board and management of Spectrum in connection with the competing takeover bid.