Recommended all-share offer by John Wood Group PLC

Commenting on the CMA’s announcement, Robin Watson, Chief Executive of Wood Group said: “Since we announced the deal in March, both parties have maintained a relentless focus on keeping on schedule. Today’s earlier than anticipated decision from the CMA allows us to move forward with pace and we are very confident of completing the acquisition of Amec Foster Wheeler in October.” Jon Lewis, Chief Executive Officer of Amec Foster Wheeler said: “We welcome today’s announcement from the CMA. We have made significant progress marketing Amec Foster Wheeler’s UK upstream oil and gas business to a range of high quality bidders, which has helped to ensure that we will close the transaction in October, bringing the many benefits of the combined company to our clients, colleagues and shareholders.” Source / More: Wood Group oilandgasOil and Gas News Undiluted !!! “The squeaky wheel gets the oil” Follow us: @OilAndGasPress on Twitter | OilAndGasPress on Facebook]]>

#FOLLOW US ON INSTAGRAM