RE: Takeover Approach22 Feb 2023 17:29
Interestingly, the board considers 230p significantly undervalues Wood ... from the RNS "The most recent approach was received on 26 January 2023 and proposed a cash offer to acquire the entire issued and to be issued ordinary share capital of Wood at a price of 230 pence per Wood share (together with the first two proposals, the "Proposals"). The Board carefully considered each of the Proposals, together with its financial advisers, and has engaged on a limited basis with Apollo. The Board unanimously rejected each of the Proposals, having concluded that they each significantly undervalued the repositioned Group's prospects."