|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's range||1.7200 - 1.7400|
|52-week range||1.1900 - 2.8800|
|Beta (5Y monthly)||1.49|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||16 Apr 2020|
|1y target est||N/A|
Ninety One UK Ltd - Form 8.3 - John Wood Group Plc
Shares in Wood Group – one of the North Sea's biggest services companies – have collapsed by as much as 41pc after private equity giant Apollo walked away from a £1.7bn takeover bid.
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The shares initially fell by as much as 40% after private equity firm Apollo said it would not go ahead with an offer following an exploratory bid last month. The news comes just days after British consumer group The Hut Group (THG) ended takeover discussions with Apollo after concluding that a preliminary bid by the fund was based on "inadequate valuations".
John Wood Group PLC (“Company”)
John Wood Group ( LON:WG. ) Full Year 2022 Results Key Financial Results Revenue: US$5.43b (up 4.3% from FY 2021). Net...
We feel now is a pretty good time to analyse John Wood Group PLC's ( LON:WG. ) business as it appears the company may...
LONDON, April 18, 2023-- FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BYA PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the Takeover Code (the "Code")This notification replaces the notification released on 2323-03-22 at 3.20pm BST. An amendment has been made to section 3b 1
John Wood Group PLC (´Company´)
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The 240 pence per share bid represents a premium of about 55% to Wood's closing share price on Feb. 22, the day before it made Apollo's proposals public. Apollo said Wood Group had privately rejected its previous offer of around 1.64 billion pounds, that the firm had made on March 6. Shares in London-listed Wood Group were down 2.2% at 200 pence at 1516 GMT, much lower than the possible offer price, indicating that investors do not expect the deal to go through.
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The proposal by Apollo on March 6 was a cash offer valuing the company at 237 pence per share, Wood said on Tuesday, sending its shares surging 15% to 224 pence by 0905 GMT. Wood Group's stock price, which remains below Apollo's proposed offer, has surged around 45% since the company first made Apollo's bid public in late February.Wood has already turned down three preliminary buyout proposals from the New York-based company. Apollo declined to comment.
TR-1: Standard form for notification of major holdings
Wood Group said Apollo's latest proposal, made on Jan. 26, proposed a cash offer of 230 pence per share. Apollo must announce a firm intention under the takeover code to make an offer for the company by March 22 or walk away, Wood Group said in a statement.
Wood Group shares rallied more than 30% on Thursday after the British energy services provider said it had received and then rejected three unsolicited takeover proposals from U.S. private equity group Apollo Global Management. The most recent approach was a cash offer for the entire capital of Wood Group valuing the company at 230 pence per share, the statement added.
Apollo has until 22 March to announce a firm intention to make a takeover offer or walk away