Sidara Presents Final £1.59 Billion Bid for Acquisition of Wood

Wednesday, 29 May 2024, 13:31
In a significant move, Dubai-based Sidara has made their final bid of £1.59 billion for the acquisition of Wood. This offer price is a substantial premium of 52% on Wood's share price at the close of April, indicating a strong interest in the deal. The bid signals a potential shift in ownership of Wood and could impact the company's future direction and value.

Sidara offers final bid of £1.59 billion for Wood

The Dubai-based group's fourth offer price represents a premium of 52% on Wood's share price at the end of April.

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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