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

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

London Stock Exchange
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Share Price: 176.90
Bid: 179.50
Ask: 179.90
Change: -10.20 (-5.45%)
Spread: 0.40 (0.223%)
Open: 190.00
High: 190.00
Low: 176.90
Prev. Close: 187.10
WG. Live PriceLast checked at -

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Wood Group shares rally on unsolicited Apollo approach

Thu, 23rd Feb 2023 08:29

MILAN, Feb 23 (Reuters) - Wood Group shares rallied more than 30% on Thursday after the British energy services provider said it had received and then rejected three unsolicited takeover proposals from U.S. private equity group Apollo Global Management.

"The Board unanimously rejected each of the Proposals, having concluded that they each significantly undervalued the repositioned Group's prospects," the UK-listed company said in a statement late on Wednesday.

The most recent approach was a cash offer for the entire capital of Wood Group valuing the company at 230 pence per share, the statement added. By 0824 GMT, Wood Group shares were up 32% after earlier rising as much as 34.4% to 208 pence. (Reporting by Danilo Masoni; Editing by Amanda Cooper)

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March 20 (Reuters) - British union Unite on Monday said multiple industrial actions would hit major oil and gas operators as 1,400 offshore workers get set to strike "within weeks."

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17 Mar 2023 09:39

John Wood extends deadline for takeover offer from Apollo to April 19

(Alliance News) - John Wood Group PLC on Friday said it agreed to extend the put-up-or-shut-up deadline for Apollo Global Management Inc to make a formal takeover offer.

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17 Mar 2023 07:16

Wood Group grants Apollo extension on bid deadline

(Sharecast News) - Private equity firm Apollo has been given an extension on whether it will formally bid for Wood Group after three prior approaches were rebuffed.

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14 Mar 2023 13:49

John Wood sells labour supply operations in Gulf of Mexico to Danos

(Alliance News) - John Wood Group PLC on Tuesday said it completed the sale of its offshore labour supply operations in the Gulf of Mexico to Louisiana-based energy services contractor Danos.

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8 Mar 2023 11:17

Jefferies downgrades Wood Group to 'hold'

(Sharecast News) - Analysts at Berenberg downgraded engineering services firm Wood Group from 'buy' to 'hold' on Wednesday following a fourth cash offer for the company.

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8 Mar 2023 09:20

LONDON BROKER RATINGS: Jefferies cuts John Wood to 'hold' from 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

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7 Mar 2023 12:21

LONDON MARKET MIDDAY: Stocks static ahead of US Fed chair testimony

(Alliance News) - Stock prices in London were broadly flat at midday on Tuesday, though the FTSE 100 crept into the green, as investors waited for Federal Reserve Chair Jerome Powell's two days of testimony before the US Congress.

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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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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.

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7 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.

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