Wood notes the recent announcement by Dar Al-Handasah Consultants Shair and Partners Holdings Ltd ( Sidara ) and confirms that it has received a fourth and final, unsolicited, preliminary and conditional proposal from Sidara for a cash offer of 230 pence per Wood share. The Board, together with its financial advisers, is evaluating the Final Proposal and a further announcement will be made in due course.
On 21 May 2024 the Board of Wood received a third unsolicited, preliminary and conditional proposal from Sidara for a cash offer of 220 pence per Wood share. This represents an increase of approx. 3.8% to the previous proposal of 212 pence per Wood share submitted on 14 May 2024. The Board unanimously rejected the Third Proposal.
Further statement re possible offer | Company Announcement investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.