The board of Wood has responded to recent speculation and confirmed that it has received three unsolicited, preliminary and conditional acquisition proposals from Apollo Global Management.
The most recent approach was received on 26 January and proposed a cash offer to acquire the entire issued and to be issued ordinary share capital of Wood at a price of 230 pence per share - valuing the business at around £1.6bn.
"The board carefully considered each of the proposals, together with its financial advisers, and has engaged on a limited basis with Apollo," read a stock exchange update.
