Wood Group Bids $2.7 Billion For Rival Amec Foster Wheeler

GALWAY, IRELAND--March 16, 2017--Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--Scotland's oil and gas engineering giant Wood Group plc (LSE:WG) (Aberdeen, Scotland) has announced a £2.2 billion ($2.7 billion) takeover of its debt-ridden rival, Amec Foster Wheeler PLC (NYSE:AMFW) (London, England).

Within this article: The proposed takeover of Amec Foster Wheeler by rival Wood Group.