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Is Wood Group going to be taken over?

By Chris Bailey | Thursday 23 February 2023

Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

On the final day of 2022, I made Wood Group (WG.) one of my tips of the year 2023. And whilst, like any truthful investor, I don’t get every tip correct, this one is working out quite well. I know many of you are big Guardian newspaper readers, but it took me until early this morning to read the story from yesterday evening that “John Wood Group rejects takeover bids from US private equity firm Apollo…has until 22 March to announce a firm intention to make a takeover offer or walk away”. How interesting!

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