RE: Big bounce17 Jun 2024 08:32
Could it actually be Apollo to counter Sidra’s move for Wood Group. I was thinking that as an option, however Halliburton would also make a good fit.
Apollo ended its pursuit of Wood Group because it could not make another takeover approach for six month window and Sidra came in with a 1.6b offer.
Sidara's move for Wood Group came amid concerns that London-listed companies are easy targets for acquisition due to their perceived relative undervaluation.