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Pin to quick picksWood Group (J) Share News (WG.)

Share Price Information for Wood Group (J) (WG.)

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Share Price: 70.95
Bid: 70.65
Ask: 70.95
Change: 0.00 (0.00%)
Spread: 0.30 (0.425%)
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Prev. Close: 70.95
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Sidara makes final takeover approach to Wood Group at 230p a share

Wed, 29th May 2024 14:04

(Sharecast News) - Wood Group said on Wednesday that it was evaluating a fourth and final "unsolicited, preliminary and conditional" takeover proposal from Dubai-based engineering and consulting firm Sidara at 230p a share.

Last week, Wood Group said it had rejected a third unsolicited £1.52bn or 220p a share takeover proposal from Sidara, as it continued to "significantly undervalue" the group and its prospects. This was up from two earlier proposals at 212p and 205p.

The latest offer is a 52% premium to the closing Wood Group share price on 29 April, which was the last day before Sidara's initial proposal.

"The board, together with its financial advisers, is evaluating the final proposal and a further announcement will be made in due course," Wood Group said, adding that there can be no certainty that an offer will be made.

Sidara - which has until 5 June to either announce a firm intention to make a bid or walk away - pointed out that Wood Group has not engaged with it since the first approach was made.

"Sidara does not believe that its proposal can be progressed unless the board of Wood engages with Sidara and an extension to the deadline is granted," it said.

At 1440 BST, Wood Group shares were down 5.9% at 179p.

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London close: Stocks mixed as Trump reenters the Oval Office

(Sharecast News) - London stocks ended Monday with a mixed performance as investors assessed the latest UK house price data and monitored Donald Trump's inauguration as the 47th president of the United States.

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20 Jan 2025 09:02

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20 Jan 2025 08:39

IN BRIEF: John Wood wins "significant" contract with Esso Australia

John Wood Group PLC - Aberdeen, Scotland-based oilfield and engineering services provider - Awarded "significant" new contract by Esso Australia Resources Pty Ltd to provide maintenance of onshore and offshore assets in Gippsland Basin in Victoria state. John Wood says the "long-term" contract starts this month and will create 250 jobs in Victoria. It doesn't provide the monetary value of the contract, nor its exact term.

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20 Jan 2025 07:03

Wood Group wins maintenance contract with Esso Australia

(Sharecast News) - Wood Group on Monday said it had won a contract to provide long-term maintenance for Esso's onshore and offshore assets in Australia's Gippsland Basin.

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2 Jan 2025 11:40

Wood Group offloads EthosEnergy stake for $138m

(Sharecast News) - John Wood Group announced on Thursday that it has completed the sale of its 51% stake in EthosEnergy Group to private equity firm One Equity Partners for a final net cash consideration of $138m.

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2 Jan 2025 09:39

IN BRIEF: John Wood completes Ethos Energy sale for USD138 million

John Wood Group PLC - Aberdeen, Scotland-based oilfield and engineering services provider - Completes the sale of its stake in its joint venture focused on rotating equipment, Ethos Energy Group Ltd, to One Equity Partners LP for USD138 million in cash. Says the USD42 million of prior planned loan notes were replaced by an additional cash consideration at completion. Wood owned 51% of EthosEnergy with Siemens Energy AG and says it contributed USD34 million of adjusted earnings before interest, tax, depreciation and amortisation in 2023.

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19 Dec 2024 10:18

John Wood wins OMV Petrom contract for sustainable aviation fuel

(Alliance News) - John Wood Group PLC on Thursday said it has won a "significant" contract with OMV Petrom for a sustainable aviation fuel production project in Europe.

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19 Dec 2024 08:05

LONDON BRIEFING: Stocks down as rate calls uncomfortably digested

(Alliance News) - The FTSE 100 was firmly in the red on Thursday, following a 'hawkish' speech from US Federal Reserve Chair Jerome Powell alongside the expected quarter-point rate cut.

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19 Dec 2024 07:02

Wood Group wins contract to work on eco fuel refinery in Romania

(Sharecast News) - John Wood Group on Thursday said it had won a contract by OMV Petrom for a major project to boost production of sustainable fuel in Southeast Europe.

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9 Dec 2024 11:24

EnergyPathways chooses John Wood subsidiary as engineering partner

(Alliance News) - EnergyPathways PLC on Monday said it has agreed a strategic engineering partnership with Wood Group UK Ltd, a subsidiary of FTSE 250-listed John Wood Group PLC.

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5 Dec 2024 14:40

London close: Stocks mixed as oil prices rise

(Sharecast News) - London stocks closed mixed on Thursday as investors digested a new report on the UK construction sector and monitored political developments in France, while Frasers Group weighed heavily on sentiment after the retailer slashed its profit outlook.

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5 Dec 2024 12:24

LONDON MARKET MIDDAY: Stocks flat while profit warning hurts Frasers

(Alliance News) - London's blue-chips were struggling for direction around midday on Thursday, underperforming European peers, as a profit warning from retailer Frasers sparked alarm.

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5 Dec 2024 09:03

IN BRIEF: John Wood Group shares rise as signs three contracts with BP

John Wood Group PLC - Aberdeen, Scotland-based oilfield and engineering services provider - Signs three "major agreements" with oil major BP PLC for engineering and project delivery services. Does not give any financial details of the contracts but says they consist of one new three-year deal and three-year extensions of two others. They cover a new master services agreement for engineering, procurement and construction management services and the extension of contracts for conceptual engineering and front end engineering and design services.

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5 Dec 2024 07:25

Wood Group secures three engineering, project delivery agreements with BP

(Sharecast News) - Wood Group said on Thursday that it has secured three "major" agreements with BP to provide engineering and project delivery services for their capital projects worldwide.

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