Deadline for Takeover Offer of Major Scottish Employer Postponed Again

Deadline for takeover offer of major Scottish employer postponed again

Sidara, a privately-owned company based in the Middle East, now has until August 25 to make a firm offer

Wood-Sidara saga continues with more delays

Consulting and engineering firm Wood has added another chapter to the takeover saga that has been going on since last year. Dar Al-Handasah Consultants Shair and Partners Holdings, also known as Sidara, has been courting the UK firm with different offers to sell up since April of last year. After declining several offers, Wood finally …

Wood Group likely to agree takeover by Middle Eastern firm Sidara

The new wave of interest from abroad in snapping up UK assets has continued, with engineering and consulting firm Wood Group likely to recommend a takeover by Middle East-based Sidara

Wood Group takeover deadline extended, shares remain suspended

The Wood Group takeover saga rolls on. The embattled group has yet to receive a firm offer from Sidara, and Wood Group shares remain suspended due to their failure to publish their annual accounts by the end of 2024. Wood Group has secured an extension until 25 August for potential acquirer Sidara to make a […] The post Wood Group takeover deadline extended, shares remain suspended appeared first on UK Investor Magazine.

Wood Group likely to recommend takeover sparking delisting fears

London-listed engineering and consulting firm Wood Group said it is likely to recommend a takeover by Middle Eastern-based privately owned company Sidara sparking another potential delisting from the London Stock Exchange. Wood said on Monday that Sidara, formerly known as Dar Al-Handasah, had expressed interest in acquiring the group with a 35p per share deal. The offer is yet to become offical, with Sidara given until August 25 2025 to make a …