Wood Group Rejects Enhanced $1.9 Billion Bid from Sidara
Friday, 24 May 2024, 06:22
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
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