Sidara

The potential takeover of Aberdeen's Wood Group by the Dubai-based conglomerate Sidara is set to generate more than £100 million in fees for City advisers, even as the deal risks collapse.

Sidara has tabled a formal £216 million bid to acquire the Aberdeen-based energy services giant Wood Group, valuing the company at 30p per share.

Aberdeen-based engineering firm Wood Group has sold its North American Transmission & Distribution business to power solutions group Qualus for $110 million (c. £82m).

Aberdeen-based engineering giant Wood Group is moving closer to a takeover by Dubai-headquartered Sidara, despite the bidder slashing its offer price by 14%.

Aberdeen-based energy services firm Wood Group and Dubai consultancy Sidara are nearing a takeover agreement, prompting a further extension of the offer deadline to 25 August.

UAE-based suitor Sidara is considering a cut to its takeover price for Wood Group, citing concerns over the Aberdeen-headquartered engineering firm’s ongoing investigation by the Financial Conduct Authority (FCA).

Aberdeen-based Wood Group has seen the deadline for a potential takeover by Dubai-headquartered Sidara extended for a third time.

Aberdeen-headquartered Wood Group has received a takeover offer for 35p per share or £242 million from Sidara, a Dubai-based engineering and consultancy firm.   

Aberdeen-headquartered engineering services firm Wood Group has granted Dubai-based Sidara an extension to the deadline for a potential takeover bid.

Shares in Aberdeen-based energy services firm Wood Group experienced a significant surge after confirming a renewed takeover approach from Dubai's Sidara.

Aberdeen company John Wood Group saw its share prices plummet as Dubai-based potential buyer Sidara abandoned a takeover deal. The Dubai-based engineer Dar Al-Handasah, known as Sidara, had been pursuing the firm for several months.

Sidara's deadline to make a formal takeover offer or withdraw its bid for Wood Plc has been extended until the end of the month.

Shares in the Aberdeen-based Wood Group rose by more than 3% yesterday after the firm moved closer to a potential £1.6 billion take over. Following the Sidara's fourth and final offer of 230 pence per share, Wood's board said it has "decided to engage with Sidara to determine if a firm offer c

Dubai-based engineering firm Sidara has made a fourth and "final" takeover bid for Aberdeen-headquartered Wood Group.

Aberdeen-based engineering firm Wood Group has rejected a third takeover bid from Dubai-based Sidara.