John Wood Group PLC announced Tuesday that its board is inclined to recommend Sidara’s reduced offer of 30 pence per Wood share, down from the previous proposal.
The company has requested an extension for Sidara to make a firm offer announcement, with the deadline now set for Thursday, August 28, 2025.
This update on the possible acquisition comes as negotiations continue between the engineering and consulting firm and its potential buyer.
The board’s preliminary position to recommend the reduced offer suggests progress in the discussions, though the final terms remain subject to Sidara making a formal bid by the extended deadline.
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