March 19, 2024
Volume XIV, Number 79
Home
Legal Analysis. Expertly Written. Quickly Found.
Upcoming/New CFIUS Filing: John Wood Group PLC and Amec Foster Wheeler PLC
Thursday, August 17, 2017

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.)

 

NLR Logo

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up to receive our free e-Newsbulletins

 

Sign Up for e-NewsBulletins