Wood Group Rejects Enhanced $1.9 Billion Bid from Sidara

Friday, 24 May 2024, 06:22

Wood Group has firmly declined the increased bid of 220 pence per share from Sidara, stating that the offer falls short of recognizing the true value of the company and its potential for growth. Despite the higher bid, Wood Group remains confident in its strategic direction and future prospects.
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Wood Group Rejects Enhanced $1.9 Billion Bid from Sidara

Wood Group Firmly Declines Higher $1.9 Billion Takeover Offer

Wood Group has rejected an increased bid of 220 pence per share from Sidara, emphasizing that the offer undervalues the company and its growth prospects.

Key points:

  • Wood Group firmly declines new $1.9 billion bid from Sidara
  • Reason: The offer of 220 pence per share is deemed inadequate by the company
  • Wood Group confident in its strategic direction and growth potential

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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