29 April 2024
Amec Foster Wheeler accepts Wood Group takeover bid
Publication date: 13 March 2017
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UK consultancy Amec Foster Wheeler has accepted an all-share takeover offer from compatriot Wood Group barely a week before the struggling London-based advisory firm was to hold a rights issue to raise much-needed capital.
The proposed GBP 2.2 billion (USD 2.6 billion) deal values Amec FM at GBP 5.64/share, equating to premium of just over 15% based on the company’s closing share price on Friday.