Amec Foster Wheeler Accepts All-Stock Offer Valued at GBX 564 per Share From Wood Group
We plan to raise our fair value estimate for Amec Foster Wheeler to GBX 564 to reflect the March 13 news that the company will be acquired by Wood Group of the United Kingdom. The offer has been accepted by Amec Foster Wheeler’s board, and we anticipate no significant antitrust issues or other major legal impediments to a successful closing.Under terms of the agreement, AMFW shareholders will receive 0.75 share of Wood Group stock in exchange for each AMFW share. Based on the most recent closi...
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