Extension is a very good sign.23 Mar 2025 16:55
The extension shows
1. sadria is still open and wanting to make an offer. It must already have a value for the company and how much it can bid for each share. It has not see anything to change its mind. A good sign
2
Wood group on the other hand has not walked away and as it seems will grant the extension. Now a formality by the Take-over panel. “If WG did not like the amount that must have been hinted at it would have walked away, way before now and not waited for the deadline to expire. It wants more talks for a reason. It must see a bid price that is a) acceptable b) may improve with a little mote time a an extension of talks.
Seems to me both parties are close to agreeing, subject to the Deloitte Report, a fair a price that both parties find agreeable.
What we should expect is a price that is not going to be much more than £1.25. If at all. WG could also find yhis amount acceptable and agree to such a price and may have an idea what the big long term holders would accept. Its not going to be in the £2.30 level when offered last time but at leat 200% more than the present price. Good for any new purchaser.
All good guys. Extension now a formality. Ignore silly comments like “TEENS” is coming and the share price collapsing by a few odd individuals.
Offer will come in the next 2-3 weeks. Don't hold your breath, not that it is wanted or expected, we could even have a 2nd or 3rd exemption, but I do not see it.
A deal is coming soon.