RE: COMPETING BID?15 Apr 2025 10:36
Give it time, the possible or conditional offer was only just received yesterday. There are big players out there and would automatically have to run their eyes over this. Proof of this is a given. Just give them time to give another offer and Sadira would be forced to raise their price.
Sidara has confirmed that it has made significant progress with its due diligence on Wood, including in relation to its review of the points raised in the independent review commissioned by Wood. That they made a possible offer shows that they are keen to continue and that the offer or possible offer would be accepted by the board, they are not going to walk away. This is their chance. Other companies will also be looking to better this offer.
Remember offers can can while the company`s shares are suspended. No shorter would want to be locked in. They would close before the suspension. I bought a large number on the drop. Happy to see this play out. Early days yet.
STRONG BUY