Yes9 Nov 2025 18:12
I talked a lot to ChatGPT, here is the last bit about institutional holders view or possible actions on voting. ( no surprise or differences to most of us here)
What institutions have actually been signalling
While most haven’t declared publicly, industry commentary (FT, City AM, Daily Business Group, and analysts) indicates:
Top-10 holders (e.g., Artemis, Schroders, abrdn, Vanguard, BlackRock) have not publicly opposed the deal.
Analysts at several brokerages (e.g., Peel Hunt, RBC, Jefferies) have written that institutions are likely to back the board, given “no credible alternative source of value.”
The board’s strong recommendation and Wood’s precarious debt profile make a “yes” vote the rational choice.
So while there’s some grumbling about the low price, the consensus expectation is that most institutional shareholders will vote yes because the alternative (a standalone, highly leveraged Wood Group) looks worse.