Cheshire-based engineering giant Amec Foster Wheeler is being acquired by multinational energy services company Wood Group in a deal worth more than £2.2bn. The combination will result in Amec Foster Wheeler shareholders owning about 44% of the share capital of the combined group.
Aberdeen-headquartered Wood Group said the combined group will achieve cost synergies of at least £110m a year.
our members of the Amec Foster Wheeler Board will join the board of the enlarged company upon completion as non-exe...
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