If you’re following the Wood Group/Apollo takeover saga, brace yourself for some exciting news. The CEO of Wood Group recently spoke out against Apollo’s undervalued bid in a statement that has reverberated throughout the industry. As tensions mount and shareholders take sides, we delve into the details of this high-stakes game of chess between two global giants. Prepare to be enthralled by our analysis and expert insights!

Wood Group CEO John Wood speaks out against Apollo Global Management’s undervalued takeover bid

John Wood, CEO of engineering and construction company Wood Group, has come out against an undervalued takeover bid by Apollo Global Management.

In a statement released today, Wood said that the offer “significantly undervalues” the company and its prospects. He added that the Board of Directors is unanimously recommending that shareholders reject the bid.

Wood also noted that Apollo’s offer does not reflect the value of Wood Group’s strong market position, leading technology platforms, and skilled workforce.

Wood cites several reasons for why the bid is undervalued

Wood Group CEO Robin Watson has spoken out against Apollo Global Management’s undervalued takeover bid for the company.

Wood cites several reasons for why the bid is undervalued, including the fact that it does not reflect the true value of the company’s assets and businesses. He also notes that the offer does not take into account the potential for future growth and fails to recognize the strong relationships Wood Group has with its customers and partners.

Watson concludes by urging shareholders to reject Apollo’s offer, which he believes significantly undervalues Wood Group and its long-term prospects.

Apollo has yet to respond to Wood’s criticisms

Wood Group CEO, Robin Watson, has spoken out against Apollo Global Management’s undervalued takeover bid for the company. He believes that the offer significantly undervalues Wood Group and its businesses.

Watson has called on Apollo to improve its offer, which currently stands at £2.2 billion (US$3 billion). He has criticized Apollo’s lack of engagement with Wood Group’s management team and shareholders, and its failure to address key concerns about the deal.

Wood Group is a leading provider of engineering, project management, and technical services to the oil and gas industry. It employs around 55,000 people in more than 50 countries.

Apollo is a private equity firm that specializes in leveraged buyouts and distressed investing. It has been involved in some high-profile deals in recent years, including the acquisition of Caesars Entertainment Corporation and Toys “R” Us.

What the future holds for both companies

The future looks bright for both companies. They are both expected to grow at a fast pace and continue to be leaders in their respective industries. Apollo is expected to continue its aggressive growth strategy, while Wood Group is expected to focus on delivering shareholder value.