John Wood Group has granted Apollo Management access to due diligence materials, as the 'put-up-or-shut-up' deal deadline nears.
On 4 April, the US asset manager submitted a fifth proposal to acquire the oil and gas engineering consultancy's entire issued ordinary capital at a final price of 240p per share in cash - valuing Wood at around £1.7bn.
This final proposal was subject to a number of pre-conditions, including satisfactory completion of due diligence.
