Wood Plc
Regional

John Wood Group board inclined to recommend Sidara’s reduced offer

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.

Vault Aberdeen - https://thevaultaberdeen.com/

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.


“When you share your news through OGV, you’re not just getting coverage – you’re getting endorsed by the energy sector’s most trusted voice.”

Tags:
John Wood Group PLCWood
Share:

Subscribe for the Latest News and Updates

Marketing Permissions

OGV Energy will use the information you provide on this form to be in touch with you and to provide updates and marketing through the following methods:

  • Email
  • Direct Mail
  • Customised Online Advertising

Risk and Safety Management -OGV Magazine - Issue 97

Read the latest issue of the OGV Energy magazine

More News

Latest Magazine Banner

Risk and Safety Management -OGV Magazine - Issue 97 - SQ (2)

WellPro Group Banner

Cegal Banner

Leyton Banner

Advertise with OGV Energy Banner