Wood Group’s £2.23 Billion Acquisition of Amec Foster Wheeler
March 19, 2017
On March 13, 2017, the boards of John Wood Group PLC (“Wood Group”) and Amec Foster Wheeler PLC (“Amec Foster Wheeler”) announced that they have reached an agreement on the terms of a recommended all‑share offer by Wood Group to acquire the entire issued and to be issued share capital of Amec Foster Wheeler (the “Combination”). Based on the closing price of £7.52 per Wood Group share on March 10, 2017, the terms of the Combination value the issued and to be issued share capital of Amec Foster Wheeler at approximately £2.225 billion. Cravath is acting as U.S. counsel to Wood Group in connection with the transaction.
The Cravath team is led by partner George F. Schoen and includes associate C. Daniel Haaren. Kathryn‑Ann Stamm also worked on this matter.
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J.D., 1998, University of Chicago Law Schoolwith Honors
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