Revenue slides at Wood Group after Sidara snub but guidance kept Energy Engineer Wood Group maintained its full year guidance despite sliding into the red after a dip revenue in its first set of results since Emerati competitor Sidara pulled out of a deal for the firm at the eleventh hour. The Aberdonian firm, which generates much of its revenue providing engineering services to the oil and [...]
Wood Group shares plunge 40 per cent after bidder Sidara walks away citing ‘geopolitical risks’ Energy Dubai-based engineers Sidara has brought an end to takeover talks with London-listed John Wood, citing "rising geopolitical risks" and "financial market uncertainty".
Wood Group engages with Sidara on latest takeover bid, extends offer deadline M&A Engineering and consulting company John Wood Group has said it is engaging with Sidara after the Dubai-based rival submitted a fourth and "final" bid for the FTSE 250 firm.
Wood Group mulls fourth and ‘final’ takeover bid from Dubai-based Sidara May 29, 2024 Dubai-based engineering and consulting firm Sidara has submitted a fourth and "final" takeover proposal to Aberdeen-based rival John Wood Group.
Wood Group rejects latest takeover bid from Dubai-based suitor Sidara May 24, 2024 Energy services firm Wood Group has rejected a third bid from Dubai-based suitor Sidara today on the grounds it “significantly “undervalues the firm.
Wood Group rejects second takeover offer from Dubai-based rival Sidara May 15, 2024 Yesterday, Sidara hiked its initial offer of over £1.4bn, or 205p per share, by about three per cent to 212p per share.
Wood Group publishes upbeat trading update after rebuffing bid May 9, 2024 Wood Group has published an upbeat trading update after it emerged the group had recieved a buyout offer.
Wood Group shares soar after engineering giant rejects takeover bid from Dubai-based rival May 8, 2024 It said the board concluded that the offer "fundamentally undervalued Wood and its future prospects" and rejected it earlier today.
Leave London if UK markets are ‘unwilling or unable’ to engage, hedge fund tells Wood Group April 16, 2024 In the letter, which City A.M. has also seen, Sparta said it has been a shareholder in Wood since "early 2022," and during that time, the fund has been "frustrated by the continued underperformance of the shares."
Wood Group pushes cost-cutting drive and upgrades 2024 outlook March 26, 2024 The company currently employs around 6,500 in the UK, most of whom are in Aberdeen.