U.K. Approves Wood Group Takeover of Amec Foster Wheeler

GALWAY, IRELAND--September 18, 2017--Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--The £2.2 billion ($2.7 billion) takeover of Amec Foster Wheeler by rival engineering giant Wood Group plc (LSE:WG) (Aberdeen, Scotland) is on course to be completed next month following approval from the U.K.'s competition watchdog.

Within this article: Details merger progress of Wood Group and Amec Foster Wheeler, competition concerns and current financial status