UK oilfield services giant Wood Group is taking over Amec Foster Wheeler in a deal valued at around $2.7 billion.
The takeover, coming less than three years after Amec fused with Foster Wheeler, is set to lead to £190 million ($232 million) in one-off costs over the first three years of the combination.
However, the parties are aiming for at least £110 million in annualised pre-tax cost-saving synergies through the deal.
Under
