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HMMM so the investment that Sidara are proposing has nothing to do with how they value the business?

Ice, perhaps the BOD dont want to be exposed for their failing/competence...but hey Britain is populated with ruling/managerial failures...I though that is also what made Britain quaint...I dont have much time for that stuff.

HMMM...so what are Sidara proposing to buy the business? (not the shareholders)

Ice you say (I assume you refer to bod) `...it’s obvious they’re not even trying to get maximum value for shareholders...'. If the II's analysts concur, the offer will be rejected. More to unfold...

I dont think anything is `over'...its just started...

Yorkshire, you are right 35p to each shareholder, but Sidara offer of buy out proposed at equiv of 84/85p per share. I did nor realize wood group required required the capital njection Sidara are proposing...

Rock sidara are (ostensibly) paying 85p per share...do you disagree...ie Sidara proposed investment divided by number of shares...

Ripley...yes sidara have suggested the equiv of 85p per share for the company...is that complicated?

Would the UK allow a Chinese bid of the Wood Group...not that the Chinese would bid, they have their own great engineers/engineering companies. I dont think the Chines government would allow them to be taken over....

Metatron, try reading varieties of capitalism...

Ripley, make your choice, take your chances...to me a bargain with Sidara investment first offer- worth 85p per share.

Sidara Investment about £580m (est). $450m capital nvestment (say £350M) 35p times, say 650m shares, say £230m. So sidara investment £589m...are they nuts if company is going to hit the rocks?

Why do you think the Sidara bid is the only option that will be/can be on the table in the foreseeable future?

Vulcan, just occurred to me , suspension may not be a bad thing given the troubles of US treasuries and the uncertainties surrounding the global economy...set to continue for 90 days and possibly beyond...have fun riding the waves of chaos...

Vulcan, I am perfectly aware of the deadlines...all very interesting...what do you think?

Thanks for accepting the unknown thorno

Thorn...first offer, with a substantial cash injection- is it needed...I dont know...do you?

Its equiv of 85p per share...sorry for assuming the obvious...

British Business, not least its directors and financiers are not to be trusted. I wonder if it is a legacy/psychological impact of denial/self delusion e.g. piracy, colonialism, slavery etc

Sidara offer is 85p per share...that is the amount of their initial offer - ideal position, in negotiation theory/models; then comes realistic and fall back positions. Of course the outcome is determined by balance of power. The Wood board have conceded...lets see if II's can exercise countervailing power. I all cases the Wood Bod is history in the making.