[Closed] John Wood Group
Today's announcement ends this special situation successfully. 30p to be paid within the next 14 days.
Article Type: Closing of distressed merger arbitration
Disclaimer: At the time of writing, I do not own shares of the company discussed in this article. Do your own research and size positions appropriately if you invest. Nothing here is meant to be understood as investment or financial advice. AI tools assist my research and writing process, enhancing analytical efficiency and clarity. Investing bears risk, such as loss of principal.
Introduction
This is a very brief update on the John Wood Group special situation: the acquisition is completed, and 30p per share will be paid out within the next 2 weeks.
Suspension and cancellation of listing and trading of Wood Shares
The admission of Wood Shares to the FCA’s Official List and the admission of Wood Shares to trading on the Main Market of the London Stock Exchange (the “Main Market“) were suspended with effect from 7.30 a.m. this morning.
Applications have been made to the FCA and the London Stock Exchange for the cancellation of the admission of Wood Shares to listing on the Official List and to trading of Wood Shares on the Main Market, which are expected to take effect by 7.30 a.m. on 11 March 2026.
For reference, my last article was
Conclusion
Assuming it takes the full 2 weeks to get the 30p, the returns are
Based on my initial article share price of around 25p, the absolute return was about 20%. Over a duration of 10 weeks to final payout, that implieas an annualized return of ~104%.
Based on my article one week ago, the spread was still 1.4p or 4.9% absolute return. Over a duration of 3 weeks to final payout, that implieas an annualized return of 83%.