Chris Hughes, Columnist

Always Read the Small Print

Wood Group would struggle to wriggle out of buying Amec.

July 12, 2017 at 12:31 PM UTC

Chris Hughes is a Bloomberg Opinion columnist covering deals. Previously, he worked for Reuters Breakingviews, the Financial Times and the Independent newspaper.

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It would be better if John Wood Group Plc wasn't trying to take over Amec Foster Wheeler Plc, bearing in mind the revelation that the target is under investigation by Britain's Serious Fraud Office.

But the Scottish oil services group has made its bid, shareholders have backed it and they'll have to live with the consequences.