Status: Upcoming/New Filing
Acquirer: John Wood Group PLC (Scotland)
Acquired: Amec Foster Wheeler PLC (England)
Value: Approximately £2.225 billion (US$2.884 billion)
Industry: Engineering; Oil and Gas
On June 15, 2017, the shareholders of Amec Foster Wheeler PLC, an English engineering and project development company in the “Oil, Gas & Chemicals, Mining, Power & Process and Environment & Infrastructure markets,” (Amec Foster Wheeler “About Us” web page), and the John Wood Group PLC, a Scottish based company that “provides a range of engineering, production support and maintenance management services to the energy and industrial sectors worldwide,” (John Wood Group “Investors” web page), “approved Wood Group’s recommended all-share offer for Amec Foster Wheeler.” (John Wood Group Press Release, Shareholders approve the recommended all-share offer by John Wood Group PLC, June 15, 2017.) According to the All-Share Offer document, the transaction is conditioned on various regulatory approvals, including the receipt of approval from CFIUS. (John Wood Group, Page. 24, ¶ 8, Recommended All-Share Offer, March 13, 2017.)