Member Info for Wiggly

I think it's nailed on Sidara formally bid and secure the deal

If Sidara already completed due diligence just six months ago and walked away due to external factors like geopolitical risks and market uncertainty — not internal issues with Wood Group — it suggests that any major red flags with the business itself would’ve already been identified.

For them to return so soon likely means that whatever caused them to step back last time wasn’t related to Wood Group’s fundamentals. It could also indicate that either those external risks have eased or they’ve reconsidered their strategic priorities.

It would be pretty unusual for a company to re-engage this quickly if they’d uncovered serious internal problems. Their return suggests they may still see strong value in the deal — possibly at a better price — and could be positioning themselves for a formal bid.

Wow

Long one

Feels like something has leaked

Incoming

Sidara re-entered, immediately post 6 month feeeze, in full knowledge of what's in the books. They are not going to walk away without making a decent final offer

sparta still hold? they must be ****ssed

It's possible Sidara has not yet disclosed an offer ?

There is no way that Sidara walks away.

Deal will be done. I'm sure of it

Market knows nothing...yet.

Discussions will be highly confidential, and perhaps neither party has yet disclosed their number

I am focused on the significant opportunity here and look forward to working with Ken and the team to help realise this.

Would that he the sidara takeover.....

Very interesting that they highlight the CFO has 'the necessary capital markets experience and proven leadership in refinancing'

This is WG leverage against Sidara cheap offer. We will progress with refinancing unless they pay up

Excellent news !!!!

Sidara can't afford to mess around

Financial instruments increased

Number of voting rights increased so they must have increased.

It is interesting that they are prepared to bid now before the conclusion of the review ??

Not really. Wg already communicated no material impact from the review

Thought vanguard had 4,%

Sidara viewed the books from only 6 months ago. There can be no major surprises between then and now, so they know what they want to bid.

No chance the deal falls through imo

Makes sense for both parties.

Negotiation will take time

Soon know if any leaks from yesterday's meeting