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Wood Group – “to engage with Sidara” to seek a firm offer, further share price upside potential?

By Tom Winnifrith & Steve Moore | Thursday 6 June 2024


Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Wood Group (WG.) has announced that “having now weighed all relevant factors including, in particular, feedback received from Wood shareholders, the board has decided to engage with Sidara to determine if a firm offer can be made on the same financial terms as the Final Proposal”. That proposal was at 230p per share. We re-recommended the shares at a 156.7p offer price in August last year.
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