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May 9, 2024 · Engineering firm John Wood Group has rebuffed a £1.42 billion takeover bid from Dubai-based rival Sidara. The FTSE 250 company, which offers oilfield and engineering services, announced in a stock market update that it had dismissed the offer as it "undervalued Wood and its future prospects".
Apr 17, 2023 · Engineering giant John Wood Group said it would open its books for scrutiny by Apollo Global Management after rejecting several previous approaches from the fund.
News & insights Featured Wood and Harbour Energy agree new $330m strategic partnership
6 days ago · Sidara gets more time to consider £1.6bn Wood bid. Wood Group suitor Sidara has been granted an extension to the deadline for deciding whether or not to make a formal takeover offer for the Aberdeen business. The Takeover Panel has agreed to a new deadline of 5pm on 31 July after the Dubai-based group said it requires more time to finalise due ...
Apr 17, 2023 · Wood, formerly and still formally known as John Wood Group, has opened the door to a large American investment fund Apollo Global Management, to let it rifle through the data and firm up its...
May 8, 2024 · One of Scotland's largest companies - Aberdeen-based engineering giant Wood - has rebuffed a takeover approach which valued it at £1.4bn. The move came from Sidara, an energy consultancy based...
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May 15, 2023 · John Wood Group’s private equity suitor has ditched plans for a £1.7 billion takeover of the oil and gas engineering firm. US firm Apollo Management said it would not be making an offer for...
