The deadline for acquisition talks between Wood Group and Apollo Global Management has been extended to 19 April from 22 March.
Wood Group has rejected a fourth cash offer from Apollo Global Management to acquire the entire share capital of Wood.
Wood Group's share price has been given a boost after the Aberdeen-based firm rejected three preliminary takeover proposals from US private equity firm Apollo Global Management.
In its latest trading update, John Wood Group has revealed it expects to book a 3% rise in underlying annual revenue to $5.4 billion (£4.4bn) despite a $275 million (£226m) hit from currency fluctuations, for its 2022 results. This is keeping in line with forecasts.
Wood Group has posted a $89 million (c.£76m) profit for the six months ended 30 June 2022, up from an $11m (c.£9m) loss for the same period last year. The group's H1 2022 revenue has fallen marginally by 0.4% to $2.56bn (c.£2.17bn) from $2.57bn (c.£2.18) in H1 2021. However,
Aberdeen-based engineering and project management firm Wood Group has secured a UK Government-backed loan worth £430 million to boost its green initiatives. The funding is part of the new UK Export Finance (UKEF) guarantee which aims at helping exporters through the “energy transition&rd
Wood Group is aiming to settle long-running investigations into bribery allegations by paying out about $197 million. The engineering company confirmed yesterday that it will pay almost $9 million to Scotland’s Civil Recovery Unit.
Healthcare tech company Craneware has appointed David Kemp, the chief financial officer of Aberdeen oil services company Wood Group, to its board. Mr Kemp has been appointed to the board as an independent non-executive director and will join on March 1st this year.