Private equity firm Apollo has been given an extension on whether it will formally bid for Wood Group after three prior approaches were rebuffed.
Wood on Friday said it had asked the UK’s Takeover Panel to extend the date to April 19 from the current date of March 22.
The FTSE 250 energy services company made the request after engagement with shareholders and to allow for the scheduled release of its annual results on March 28.
Wood Group on March 7 said it was minded to reject a fourth offer from Apollo Global worth £2bn.
Read the latest issue of the OGV Energy magazine HERE
Petrofac And Hitachi Energy Secure Landmark Offshore Wind Framework Worth Approximately 13 Billion Euros
Shapps sets out plans to drive multi billion pound investment in energy revolution
Third Black Sea well goes on stream with fourth one days away from following suit
DNO shuts down Kurdistan oilfields due to pipeline closure