M&A

Wood Group rejects new 220p-a-share offer from Sidara

By Frank Prenesti

Date: Friday 24 May 2024

(Sharecast News) - Wood Group said it had rejected a third unsolicited £1.52bn takeover proposal from rival Dubai-based engineering and consulting company Sidara, saying it continued to "significantly undervalue" the group and its prospects.


Sidara upped its latest offer by 3.8% to 220p-a-share on May 21, from 212p...

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