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Wood Group Bids $2.7 Billion For Rival Amec Foster Wheeler

power

Industry Segment: Power | Word Count: 601 Words

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.


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