Takeover BID7 Nov 2024 13:24
Well Wood is sure going to get offers 6, 7 & 8 β¦ coming in at this price
β Back in June, John Wood received a fourth possible takeover proposal from Sidara, worth 230 pence per share. Sidara had steadily increased its bid proposal after making an initial approach worth 205p per share, which John Wood disclosed in early May. The June tilt had valued Wood Group at around GBP1.58 billion.
In May 2023, a bidder owned by the US's Apollo Global Management Inc decided against making a firm takeover offer for Wood, having previously made five tentative proposals.β