Slaughter and May is advising John Wood Group plc on its recommended all-share offer for Amec Foster Wheeler plc.

Based on the pre-announcement closing price of a Wood Group share, the terms of the combination value Amec Foster Wheeler at approximately £2,225 million. Following completion of the combination, Wood Group’s shareholders will own approximately 56 per cent. of the combined group.The combination is to be effected by

The combination is to be effected by court-sanctioned scheme of arrangement and is conditional on various matters, including shareholder approvals and certain competition and regulatory clearances. It is expected to close in the second half of 2017.
Contacts

Corporate: Simon Nicholls, Paul Dickson, Chris McGaffin (partners); Alexander Dustan, Matthew Farrington (associates)
Competition and regulatory: Bertrand Louveaux, Lisa Wright (partners); Kerry O’Connell, Jonathan Slade, Ying-Peng Chin, Will Manley, Sarah Gallagher (associates)
Share schemes and incentives: Jonathan Fenn (partner), Rosemary Nelson (associate)
Pensions: Sandeep Maudgil (partner)
Tax: Michael Lane (partner), James Hume (associate)
Financing: Matthew Tobin (partner), Harry Bacon (associate)