Wood Group considers Apollo’s £1.7 billion takeover bid
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Aberdeen-headquartered Wood Group’s board has confirmed it is considering Apollo Global Management’s fifth acquisition proposal for 240p per share, which was put forward earlier in the month.
The deal would be worth an approximate £1.7 billion. The Wood board has decided to engage with Apollo to determine if a firm offer can be made on the same financial terms. Apollo now has until May 17 to announce a firm intention to make an offer for Wood.
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