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Pin to quick picksWood Group (J) Share News (WG.)

  • This share is currently suspended. It was suspended at a price of 18.44

Share Price Information for Wood Group (J) (WG.)

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Share Price: 18.44
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Change: 0.00 (0.00%)
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Prev. Close: 18.44
WG. Live PriceLast checked at -

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IN BRIEF: John Wood notes possible offer by Apollo for share capital

Tue, 04th Apr 2023 17:52

John Wood Group PLC - Aberdeen, Scotland-based energy sector-focused engineering and consulting business - Notes announcement by Apollo Management Holding LP of a possible offer for the entire share capital of the company at a final price of 240 pence per share in cash. The offer represents a 59% premium to the closing price of 151p, and a 20% premium to the initial proposal submitted to Wood of 200p per share in cash. It follows news that Apollo's last offer of 237p was privately rejected by the board of Wood.

John Wood notes that final proposal is subject to a number of pre-conditions and reservations, and that there can be no certainty an offer will be made. It is consulting with shareholders. Apollo must announce its firm intention to make an offer for Wood no later than April 19.

Current stock price: 209.03 pence

12-month change: up 2.2%

By Holly Beveridge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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