Last checked at 7 Mar 2023 12:09
CORRECT: John Wood shares up as receives new Apollo takeover approach
(Correcting headline to clarify that John Wood has not rejected the proposal.)
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Wood Group (J) Information
Share Price Information for Wood Group (J) (WG.)
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Share Price:
187.40
Bid:
187.80
Ask:
188.50
Change:
1.80 (0.97%)
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0.70 (0.373%)
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Wed, 09th Oct 2013 07:22
Oil services company Wood Group and German industrial giant Siemens have formed a gas turbine joint venture.Wood has agreed to merge its maintenance and power businesses with Siemens' TurboCare business division, which provides after-sales gas turbine, steam turbine and generator design, repair and manufacturing services.The joint venture, which will have about $1bn of revenue and around 4,500 staff worldwide, excludes Wood's Rolls Wood Group, TransCanada Turbines and Sulzer Wood joint ventures.Wood said it would improve the prospects of its gas turbine activities, which have typically done better in partnerships with original equipment manufacturers. It said the venture would help Wood to save $15m a year by the third year and it expects a further payment of about $70m. Wood will hold 51% of the venture with Siemens owning the rest.Completion is subject to approvals and is expected in the first quarter of 2014. Wood's Chief Executive Bob Keiller said: "The JV with Siemens will bring together two complementary businesses. As we look ahead, we see good potential for the JV."PW
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7 Mar 2023 11:12
7 Mar 2023 10:55
7 Mar 2023 10:05
TOP NEWS: John Wood shares up as rejects new Apollo takeover approach
(Alliance News) - John Wood Group PLC on Tuesday said it has rebuffed a fourth proposal for a takeover by Apollo Global Management Inc.
Read more7 Mar 2023 09:45
Britain's Wood Group may reject $1.98 bln Apollo buyout proposal
March 7 (Reuters) - John Wood Group said it may reject a sweetened 1.64 billion pound ($1.98 billion) buyout proposal from private-equity firm Apollo Global Management Inc , as it still undervalued the British oilfield services and engineering company.
Read more7 Mar 2023 08:56
LONDON MARKET OPEN: European markets subdued before Fed testimony
(Alliance News) - London's equities got off to a lukewarm start on Tuesday, as investor caution prevailed ahead of policy commentary by the head of the US central bank.
Read more7 Mar 2023 07:49
LONDON BRIEFING: UK house prices rise; John Wood gets 4th Apollo bid
(Alliance News) - Stocks in London were called to open flat on Tuesday, with the market focusing on US monetary policy.
Read more7 Mar 2023 07:44
Wood Group rejects fourth takeover approach from Apollo
(Sharecast News) - Wood Group said on Tuesday that it was 'minded to reject' a fourth takeover approach from Apollo Global Management as it undervalues the business.
Read more23 Feb 2023 17:10
FTSE 100 slips as ex-dividend trades weigh, Rolls-Royce soars
Rolls-Royce jumps on upbeat forecast
*Read more23 Feb 2023 17:00
LONDON MARKET CLOSE: FTSE 100 struggles, but European peers rise
(Alliance News) - Stock prices in London closed mixed on Thursday, with blue-chips ending in the red on renewed concerns of higher rates in the US, as well as a host of stocks going ex-dividend.
Read more23 Feb 2023 13:52
23 Feb 2023 12:00
LONDON MARKET MIDDAY: FTSE 100 underperforms as rate worries weigh
(Alliance News) - Stock prices in London were largely higher at midday on Thursday, though the FTSE 100 was in the red as the more globally-focused index lamented interest rates in the US will likely keep pushing higher.
Read more23 Feb 2023 11:56
23 Feb 2023 11:35
23 Feb 2023 09:59