Realistically as a company, I cannot see them being brought out or taken over. What would a buyer gain from doing so? Sure they will have employee’s but let's face it, most of the experienced ones have either been made redundant or even just walked out. The majority of what’s left is a mess and of low value. If CGG survive – and that’s a big if, they won’t be a top player in their industry, they will become a cheap budget seismic company. As for the CEO, he’s not worth the money they pay him and should have been sacked a long time ago. Look at the share price; it was not that long ago they were hitting penny shares and to help boost the price they divided them by 32. Now look at the price, they are heading back to penny shares.
Posted by @OzZ0KeM-1epa, bumbed for being on point. Why would somebody buy a sinking ship?