RE: 2 blokes with beards30 Mar 2025 19:53
Most debt includes a 'change of control' provision. The Wood refinancing is of little interest to Sidara because they will have to put in their own financing, if required. Nobody except an independent Wood will benefit from any refi.
On that basis, it is the Deloitte conclusion and the 2026 deliverables that will help nail the takeover price. Sidara is not going to pay Wood shareholders for benefits that they generate themselves.
Seen enough of Dragons Den to know that opportunities are exploited and there is no generosity when it comes to business. Everything is in the commercial interests of the principal and Sidara have the wheel at the moment. Wood shareholders can grab it back or let them take everyone to the Sidara preferred destination. IMHO DYOR.