Wood group sidara news. Yesterday, Sidara hiked its initial offer of over £1.
Wood group sidara news 47 billion pounds ($1. Wood Group bids to win back investors with boosted revenues after failed Aug 5, 2024 · (Alliance News) - Shares in John Wood Group PLC tumbled early Monday, after a potential bidder for the oil field services firm withdrew. 4% rise from the initial 205p bid made on 30 April, reports the Insider. 99 Aug 5, 2024 · Engineering company Sidara said it won’t make a firm takeover offer for John Wood Group Plc, ending a months-long courtship. Jun 5, 2024 · UK's John Wood Group LSE:WG. 69 Aug 5, 2024 · UK's Wood Group to discuss with Sidara on possible takeover proposal. Jul 31, 2024 · John Wood Group PLC ("Wood") Extension to Put up or Shut up Deadline. Oct 22, 2024 · Sidara Leadership Institute - a beacon of excellence in cultivating tomorrow's visionary leaders, ready to drive sustainable growth and foster an inclusive, globally conscious mindset. May 29, 2024 · The latest proposal for a cash offer of 230 pence apiece would value Wood Group at about 1. 03 Jul, 2024 16:54 03 Wood Group gave Sidara access to due diligence materials in order to explore whether a firm offer could be made on the same financial Nov 7, 2024 · Wood Group expects a "strong" fourth-quarter. Aug 5, 2024 · Following the update to markets this morning, shares in John Wood nosedived on the news of Sidara’s withdrawal. May 8, 2024 · (Alliance News) - Shares in John Wood Group PLC leapt on Wednesday after it rejected a fresh takeover attempt. Last week, Sidara raised its proposed takeover offer for the British oilfield ser… May 8, 2024 · Sidara, the family-owned engineering company formerly called Dar Group, is exploring a potential acquisition of London-listed John Wood Group Plc, according to people familiar with the matter. Wood had rejected Sidara's previous four buyout attempts, citing valuation concerns. Despite this adjustment, Wood Group’s board unanimously turned down the bid, saying it “concluded that it continued to fundamentally undervalue Wood and its future prospects”. -based global energy engineering consultant Wood Group said May 23 it has rejected a third takeover bid in recent weeks from Dubai-based engineer Sidara, formerly Dar Group—with the latest Aug 20, 2024 · Additionally, Wood Group anticipates incurring about $11 million (£8. 5% premium on Wood's closing price when it was made on April 30. 04 % decrease; red down pointing triangle rejected an improved 1. Wood had rejected Sidara's previous four buyout attempts, cit… Aug 5, 2024 · Engineering company Sidara said it won’t make a firm takeover offer for John Wood Group Plc, ending a months-long courtship. The engineering giant had been subject to a potential takeover following multiple bids from the Dubai-based firm, but “rising geopolitical risks and financial market uncertainty” were cited as the reasons behind the withdrawal. Aug 20, 2024 · Wood Group notched up costs of about six million US dollars (£4. 61 pence in London on Wednesday. Sidara, an engineering and consultancy firm based in Dubai, had made a fresh offer to the Aberdeen May 8, 2024 · A Bloomberg report on Sidara weighing a bid had sent shares of FTSE 250-listed , opens new tab Wood up as much as 26% earlier in the day. May 8, 2024 · FTSE 250 engineering services company John Wood Group has rejected an unsolicited takeover bid from Dar Al-Handasah (Sidara) as it faces activist investor pressure to consider a sale or move its May 15, 2024 · Wood Group tumbled on Wednesday after saying it had rejected a second, improved £1. 5bn takeover proposal from Dubai-based engineering and consulting company Sidara. 6% to more than a one-year high of 185. This is a 52% premium on Wood’s share price before Sidara’s initial bid but lower than last year’s failed offer by Apollo. Dar Al-Handasah Consultants Shair and Partners Holdings Ltd ("Sidara") Statement regarding John Wood Group PLC ("Wood") Further to the announcements made by Sidara and Wood regarding a possible offer for Wood by Sidara, Sidara confirms that in light of rising geopolitical risks and financial market uncertainty at this time, Sidara does not intend to make a firm offer for Wood. May 8, 2024 · (Alliance News) - Sidara on Wednesday said it is "considering its next steps" after John Wood Group PLC rejected a takeover approach. 4bn, or 205p per share, by about three per cent to 212p per share. Shares in John Wood, the Aberdeen, Scotland-based consulting Jun 5, 2024 · On 29 May 2024, Dar Al-Handasah Consultants Shair and Partners Holdings Ltd ("Sidara") announced that it had submitted a fourth proposal to the Board of Wood (the "Board") to acquire the entire issued and to be issued ordinary share capital of Wood at a final price of 230p1 per share in cash (the "Final Proposal"). May 29, 2024 · Engineering company Sidara submitted a fourth and final proposal to John Wood Group Plc regarding a possible cash offer for the Scottish firm. May 8, 2024 · John Wood Group Plc said it rebuffed a £1. The latest proposal of 230 pence sterling per share gives Wood a valuation of £1. May 29, 2024 · John Wood Group PLC on Wednesday confirmed that Dar Al-Handasah Consultants Shair & Partners Holdings Ltd has made another cash takeover offer. On 5 June 2024, the Board of Wood (the "Board") announced its decision to grant Dar Al-Handasah Consultants Shair and Partners Holdings Ltd ("Sidara") access to due diligence materials in order to explore whether a firm offer could be made on the same financial terms as the fourth proposal submitted to the Board and Jun 5, 2024 · UK's John Wood Group said on Wednesday its board would discuss with Sidara on a sweetened takeover proposal and grant the Dubai-based engineering and consulting firm access to due diligence materials. Sidara has set a deadline of 5 June for Wood to engage or the bid will be withdrawn. As a result, Sidara is bound by the restrictions set out in Rule 2. Aug 5, 2024 · Dubai's Sidara said on Monday it was walking away from its plan to buy UK's John Wood Group, citing rising geopolitical risks and uncertainty in the financial market, prompting the British engineering group's shares to plunge 40%. In August, one-time Wood Group suitor Dar Al-Handasah Consultants Shair & Partners Holdings Ltd, known as Sidara, said it does not intend to make a firm offer for the Aberdeen, Scotland-based firm. May 16, 2024 · John Wood Group PLC ("Wood" or the "Group") On 8 May 2024, the Board of Wood (the "Board") announced it had unanimously rejected an unsolicited, preliminary and conditional proposal from Dar Al-Handasah Consultants Shair and Partners Holdings Ltd ("Sidara"), regarding a possible cash offer to acquire the entire issued and to be issued ordinary share capital of Wood (the "Initial Proposal"). 99 billion), representing a premium of 52% to its closing share price before the first bid was made. Wood’s board is currently evaluating the proposal. May 8, 2024 · John Wood Group PLC ("Wood" or the "Group") The Board of Wood notes recent speculation and confirms that it received an unsolicited, preliminary and conditional proposal from Dar Al-Handasah Consultants Shair and Partners Holdings Ltd ("Sidara"), regarding a possible cash offer to acquire the entire issued and to be issued ordinary share capital of Wood (the "Proposal"). Shares in the Aberdeen, Scotland-based consulting and engineering for energy and Aug 5, 2024 · Dubai's Sidara said on Monday it was walking away from its plan to buy UK's John Wood Group LSE:WG. In a stock exchange notice this afternoon, Wood said it had unanimously rejected the . 03 billion), representing a premium of 52% to its closing share price before the Jun 10, 2024 · UK-based John Wood Group, said on June 6 that its board would discuss the refreshed offer made by Dubai-based Dar Al-Handasah group also known as Sidara, and allow the engineering and consulting Aug 1, 2024 · Wood has handed another extension to its potential suitor amid "ongoing" discussions over a potential takeover deal. . March 20, 2024. 52 billion-pound ($1. May 25, 2024 · The board of Aberdeen-based Wood Group has firmly rejected a third takeover bid from Sidara. 4bn takeover offer from a Dubai-based rival Sidara, stating the offer fundamentally undervalued the company. The 230-pence-a-share approach represents a premium of 52% to Wood’s closing price a month ago, before Sidara first put forward a potential bid, according to a statement Wednesday. Last year, U. The Board of Wood (the “Board”) notes the recent announcement by Dar Al-Handasah Consultants Shair and Partners Holdings Ltd ("Sidara") and confirms that today 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 Jan 4, 2024 · In August, one-time Wood Group suitor Dar Al-Handasah Consultants Shair & Partners Holdings Ltd, known as Sidara, said it does not intend to make a firm offer for the Aberdeen, Scotland-based firm. Jun 5, 2024 · Engineering and consulting company John Wood Group has said it is engaging with Sidara after the Dubai-based rival submitted a fourth and "final" bid for the FTSE 250 firm. The Scotland-based Wood Group had rejected a 240 pence apiece offer from U. 86 billion), 3% higher than its initial 1. , citing rising geopolitical risks and uncertainty in the financial market, prompting the British engineering group's shares to plunge 40%. May 16, 2024 · Yesterday, Sidara revised its original offer of over £1. Wood’s board reviewed the proposal with its financial advisers and unanimously rejected the offer, deciding it undervalued the company and its future Aug 28, 2024 · Why did Wood lose so much money in the first half of the year? The group has struggled to cut its borrowing levels since its £2. 8% increase over the previous offer of 212p, tabled on 14 May, itself a 3. Wood Group said on Wednesday that it had asked for an May 8, 2024 · Response to Statement by John Wood Group PLC ("Wood") Sidara notes the announcement made today by Wood and confirms that on 30 April 2024 it submitted a proposal to Wood regarding a possible cash offer to acquire the entire issued and to be issued ordinary share capital of Wood of 205 pence for each Wood share. “Accordingly, the board will grant Sidara access to due diligence materials. Jun 5, 2024 · John Wood Group PLC ("Wood") On 29 May 2024, Dar Al-Handasah Consultants Shair and Partners Holdings Ltd ("Sidara") announced that it had submitted a fourth proposal to the Board of Wood (the "Board") to acquire the entire issued and to be issued ordinary share capital of Wood at a final price of 230p 1 per share in cash (the "Final Proposal"). Jun 5, 2024 · TOP NEWS: John Wood decides to engage with Sidara over possible bid (Alliance News) - John Wood Group PLC on Wednesday said it has decided to engage with Dar Aug 5, 2024 · Sidara had previously approached Scotland-based Wood Group with proposals ranging from 205 pence to 230 pence per share, with the latest offer valuing Wood Group at about GBP1. The company rejected this and two other offers from Sidara, citing concerns over May 30, 2024 · Dubai engineering and consulting company Dar Al-Handasah – known as Sidara – has made a fourth and “final” bid to buy London-listed contractor John Wood Group. 6 million) from the ill-fated Sidara deal in the first half and said it would face costs of around another five million US dollars Jun 9, 2024 · Wood Group, based in Aberdeen, Scotland, has about 35,000 worldwide employees, with its U. The Aberdeen, Scotland-based consulting and engineering Jun 6, 2024 · Earlier in May, Wood Group confirmed receiving a proposal from Sidara Group at an offer price of 205p per share. Learn more Nov 06, 2024 Aug 5, 2024 · Wood Group offloads EthosEnergy stake for $138m (Sharecast News) - John Wood Group announced on Thursday that it has completed the sale of its 51% stake in EthosEnergy Group to private equity firm May 29, 2024 · Wood said: “The board of Wood notes the recent announcement by Dar Al-Handasah Consultants Shair and Partners Holdings Ltd (Sidara) and confirms that today it has received a fourth and final, unsolicited, preliminary and conditional proposal from Sidara for a cash offer of 230 pence per Wood share. Jul 11, 2024 · John Wood Group PLC (‘Wood’ or ‘the Group’) announces a trading update for the half year ended 30 June 2024 (‘HY24’). Before jumping on news of Sidara’s takeover efforts, Wood’s shares had fallen around 25 per cent over the last 12 months. -based Apollo Global Management abandoned a 240 pence per share bid for Wood after multiple offers were rejected. 59 billion pounds ($2. 2 billion acquisition of London-based Amec Foster Wheeler in 2017. Shares in Wood Group were down 2. The stock fell nearly 40 per cent in early deals to 120p. Sidara has until June 5 to make a formal offer or walk way. May 8, 2024 · Britain's John Wood Group LSE:WG. 56bn ($1. Analysts believe Sidara’s 205p-a-share proposal issued on 30 April will be hiked to a price that will appeal to shareholders in the FTSE 250 energy services company. May 9, 2024 · The London Stock Exchange-listed firm confirmed it received a proposal 30 April 2024 at a proposed offer price of 205 pence per Wood share. A Bloomberg report on Sidara weighing a bid had sent shares of FTSE 250-listed Wood up as much as 26% earlier in the day. 97 May 30, 2024 · The offer values Wood at 230p per share, totalling roughly £1. May 15, 2024 · Wood Group tumbled on Wednesday after saying it had rejected a second, improved £1. May 9, 2024 · The British oil services company John Wood Group has rejected a £1. Earlier in the day, shares in John Wood Group surged by up to 26% following a report by Bloomberg suggesting that Sidara was considering a bid. 77 May 8, 2024 · Sidara, the family-owned engineering company formerly called Dar Group, is exploring a potential acquisition of London-listed John Wood Group Plc, according to people familiar with the matter. 93 billion) takeover bid from Sidara, following two prior proposals by the Dubai group. Notably, Sidara Group announced that it had Yesterday, Sidara hiked its initial offer of over £1. 65 billion buyout offer - potential buyer responds Dubai-based Sidara made all-cash bid for UK engineering player, triggering stock price surge Wood Group chief executive Ken Aug 5, 2024 · The share price of London-listed engineering house Wood Group crashed by more than 38% on Monday morning after Middle East predator Sidara decided it would not make a formal bid to acquire company. "Sidara does not believe that its proposal can be progressed unless the board of Wood engages with Sidara and an extension of the deadline is granted," it added. Aug 6, 2024 · Dar Al-Handasah Consultants Shair and Partners - or Sidara for short - has dropped its planned takeover of John Wood Group. on Wednesday said it had received a 205 pence per share buyout proposal from Dubai-based engineering and consulting firm Sidara last month, which it rejected. S. June 6, 2024. Jun 6, 2024 · Last week, Sidara raised its proposed takeover offer for the British oilfield services and engineering firm for the third time, saying that the cash offer of 230 pence apiece was its "final offer". Exceptional costs included $6m related to Sidara's failed takeover proposal, $12m of Simplification strategy costs, a $140m loss tied to its departure from lump sum turnkey (LSTK) and sizeable engineering, procurement and construction (EPC) work, as well May 29, 2024 · Last week, Wood issued a stock exchange statement rejecting Sidara's third offer, with the board noting that the offers "continued to significantly undervalue the group and its prospects. 6 million) from the ill-fated Sidara deal in the first half and said it would face costs of around another five million US dollars Aug 5, 2024 · (Alliance News) - John Wood Group PLC on Monday said its remains confident in its "strategic direction and fundamental prospects", after a potential bidder for the oil field services firm withdrew. May 29, 2024 · TOP NEWS: John Wood gets "fourth and final" Sidara takeover bid (Alliance News) - John Wood Group PLC on Wednesday confirmed that Dar Al-Handasah Consultants May 29, 2024 · Wood provides consultation, management and engineering services for the oil and mining sector. 5 million) in expenses related to the attempted acquisition by Dubai-based Sidara, which recently withdrew its offer citing Aug 5, 2024 · Wood Group plummets 37% in London trading as Dubai's Sidara backs out of buyout deal, citing geopolitical risks and market uncertainty. 56 billion pounds ($1. FTSE 250 20,262. A stock exchange update explained that the Aberdeen-based group's board has requested an extension to the date - consented by the Takeover Panel. Wood, which provides consultation, management of assets and engineering services for the energy and materials sector, operates in more than 60 May 8, 2024 · Wood Group rejects $1. Aug 5, 2024 · Shares of UK-based John Wood Group PLC (GB:WG) tumbled by nearly 38% as of writing following its failed takeover talks with Dubai’s Sidara Group. Yesterday, Sidara hiked its initial offer of over £1. 9% at 1326 May 15, 2024 · Wood Group has rejected a second takeover offer from its Dubai-based rival Sidara, only a week after turning down the company’s first bid. FTSE 250 Jul 31, 2024 · Sidara had previously approached Scotland-based Wood Group thrice across May and June, taking the offer from 205 pence to 230 pence, which it had said would be its final offer. Author of the article: Jul 31, 2024 · John Wood Group plc, the Aberdeen-based engineering and consulting giant, announced on Wednesday another extension to the “Put Up Or Shut Up Deadline” for Dubai-based firm Sidara, which on May 29 made “a fourth and final” cash takeover proposal for Wood. Shares in John Wood, the Aberdeen, Scotland-based consulting and engineering company, closed up 13% at 186. This offer price is Aug 5, 2024 · John Wood Group PLC (LSE:WG. 58 billion ($2 billion) and is significantly higher than the first of three bids, which were May 24, 2024 · John Wood Group PLC ("Wood" or the "Group") On 21 May 2024 the Board of Wood (the "Board") received a third unsolicited, preliminary and conditional proposal from Dar Al-Handasah Consultants Shair and Partners Holdings Ltd ("Sidara") for a cash offer of 220 pence per Wood share (the "Third Proposal"). Jul 3, 2024 · John Wood Group PLC ("Wood") Extension to Put up or Shut up Deadline. Dar Al-Handasah Consultants Shair & Partners Holdings Ltd Aug 20, 2024 · Wood Group notched up costs of about six million US dollars (£4. ” Although the deadline expires at 5pm today, Wood can request further May 29, 2024 · Wood has not engaged with Sidara since the first approach was made, Sidara said. base in Houston, while Sidara's global workforce numbers about 20,000. FTSE 250 20,450. The UK's Takeover Panel has granted Sidara until July 3 to either announce a firm intention to make an offer for Wood or walk away under the "put up or shut up" (PUSU) UK takeover rules, Wood Group Jun 5, 2024 · Sidara offered 230p per share for the firm last week - a near 52 per cent premium to Wood's closing share price on 29 April, before the company made its first bid. The first three offers were rejected by Wood over concerns around valuation and future prospects. John Wood Group WG-1. K. The fresh cash proposal of 220p per share for Wood marks a modest 3. The 230-pence-a-share approach represents a premium Jul 3, 2024 · Wood Group headquarters in Aberdeen. HY24 highlights Adjusted EBITDA of c. said on Wednesday its board has decided to engage with Sidara on its sweetened takeover proposal and grant the Dubai-based engineering and consulting firm access to due diligence materials. A spokesperson for Wood Group said: “The board carefully considered the proposal, together with its financial advisers, and concluded that it fundamentally undervalued Wood and its future prospects. Aberdeen-based Wood confirmed that Sidara made an unsolicited offer to acquire the company at 205p per share on 30 Aril 2024 but had unanimously rejected the offer. 8 of the City Code on Takeovers and Mergers (the "Code"). Engineering and consulting company John Wood Group has said it is engaging with Sidara after the Dubai-based rival submitted a fourth and “final” bid for the FTSE 250 firm. 99 bn Jul 3, 2024 · Sidara's latest offer values Wood Group at 1. The stock fell nearly 40 May 8, 2024 · FTSE 250 engineering services company John Wood Group has rejected an unsolicited takeover bid from Dar Al-Handasah (Sidara) as it faces activist investor pressure to consider a sale or move its Jul 3, 2024 · Dubai-based engineering and consulting firm Sidara has sought the extension of a deadline to make a firm offer for UK's John Wood Group to July 31, after being rejected thrice earlier. In a stock exchange notice this afternoon, Wood said it had unanimously May 8, 2024 · Wood Group surged on Wednesday after saying it had rejected a 205p a share takeover proposal from Dubai-based engineering and consulting company Sidara, valuing it at more than £1. 42 billion pound offer, made last week. Jul 29, 2024 · Closer to home, the Middle East group Sidara must decide by 5pm on Wednesday whether to lodge a formal bid for Wood Group after a series of rejections by the Aberdeen-based company May 29, 2024 · Dar Al-Handasah Consultants Shair and Partners Holdings Ltd ("Sidara") Statement Regarding Final* Possible Offer for John Wood Group PLC ("Wood") Sidara confirms that on 29 May 2024, it submitted its fourth proposal to Wood regarding a possible cash offer to acquire the entire share capital of Wood for 230 pence per share. By the afternoon, shares in the Scottish firm were trading 15% higher. 4bn. 4 billion, increasing it by approximately 3% to 212p per share. Sidara made a 230 pence-a-share approach to Wood in May May 29, 2024 · John Wood Group PLC ("Wood" or the "Group") Response to Sidara’s announcement. " Under the Takeover Code, Sidara has until June 5 either to announce a firm intention to make an offer or to announce it has no intention to make an offer. On 5 June 2024, the Board of Wood (the "Board") announced its decision to grant Dar Al-Handasah Consultants Shair and Partners Holdings Ltd ("Sidara") access to due diligence materials in order to explore whether a firm offer could be made on the same financial terms as the fourth proposal submitted to the Board and Aug 5, 2024 · A takeover bid for engineering giant Wood - one of Scotland's largest companies - has collapsed. The slump had prompted top-10 investor Sparta Capital Management to Jun 6, 2024 · The final offer is a 52% premium to the closing Wood Group share price on 29 April, which was the last day before Sidara’s initial proposal. Jul 3, 2024 · (Sharecast News) - Wood Group said on Wednesday that the deadline for Sidara to either announce a firm intention to make an offer or walk away has been extended as the Dubai-based engineering and An earlier a report on Sidara’s bid from Bloomberg News on Wednesday sent Wood’s shares up as much as 26 per cent. ) shares plummeted 38% to 122p after suitor Dubai-based Sidara said it is walking away from takeover talks "in light of rising May 8, 2024 · London-listed Wood received an unsolicited preliminary proposal of 205 pence per share from Sidara, it said in a regulatory filing Wednesday after Bloomberg News revealed the takeover interest. Sidara made a 230 pence-a-share approach to Wood in May, representing a 52% premium, and was engaged in talks with the company’s board. Aug 5, 2024 · The Board was notified by Sidara this morning that it does not intend to make an offer for Wood in light of rising geopolitical risks and financial market uncertainty. May 24, 2024 · U. Jul 3, 2024 · Michele Maatouk Sharecast News . Aug 5, 2024 · Aberdeen-based Wood Group have confirmed a takeover bid by Dar Al-Handasah Consultants Shair and Partners Holdings Ltd (Sidara) has collapsed. Dubai-based engineering and consulting firm Sidara has submitted a fourth and “final” takeover May 8, 2024 · Sidara, the family-owned engineering company formerly called Dar Group, is exploring a potential acquisition of London-listed John Wood Group Plc, according to people familiar with the matter. May 12, 2024 · The Middle East engineering and design group pursuing Wood Group is expected to mount a higher offer after an approach last month was rejected by the Aberdeen-based company. Back in June, John Wood received a fourth possible takeover proposal from Sidara, worth 230 pence per Aug 21, 2024 · Wood Group has announced an operating loss of $899m, largely attributed to pre-tax exceptional items of $966 in the first half of the year. - based Apollo Global Management last year. FTSE 250 May 15, 2024 · (Alliance News) - John Wood Group PLC on Wednesday said it rejected a new takeover proposal from Dar Al-Handasah Consultants Shair & Partners Holdings Ltd, known as Sidara. Sidara has been studying a possible deal for Wood as the Scottish firm’s stock price continues to decline, said the people, asking not to be identified Jul 3, 2024 · Wood said: “ On 5 June 2024, the Board of Wood announced its decision to grant Dar Al-Handasah Consultants Shair and Partners Holdings Ltd (Sidara) access to due diligence materials in order to explore whether a firm offer could be made on the same financial terms as the fourth proposal submitted to the Board and announced by Sidara on 29 May May 8, 2024 · Wood Group surged on Wednesday after saying it had rejected a 205p a share takeover proposal from Dubai-based engineering and consulting company Sidara, valuing it at more than £1. There are growing concerns that the 10-month war in Gaza between Israel and May 8, 2024 · (Alliance News) - Sidara on Wednesday said it is "considering its next steps" after John Wood Group PLC rejected a takeover approach. May 15, 2024 · Sidara's raised cash offer of 212 pence per share valued the company at about 1. News & insights Featured Wood and Harbour Energy agree new $330m strategic partnership Aug 28, 2024 · Wood’s shares have been languishing near 130p since Sidara abandoned its bid, citing “geopolitical risks and financial market uncertainty” that had sent global stocks crashing in early August. 8 billion) bid from family-owned engineering company Sidara. 4 billion ($1. Jul 31, 2024 · July 31 (Reuters) - UK's John Wood Group , opens new tab on Wednesday extended the deadline by which Dubai-based engineering and consulting firm Sidara would need to make a firm offer for the Aug 5, 2024 · Sidara had previously approached Scotland-based Wood Group with proposals ranging from 205 pence to 230 pence per share with the latest offer valuing Wood Group at about 1. 58bn. UK's Wood Group to cut hundreds of jobs, Sky News reports. They were up 12. $210 million was up around 4% with margin expansion more than offsetting expected lower revenue May 9, 2024 · The proposal of 205p per share was a 35. A stock exchange statement explained that "in light of rising geopolitical risks and financial market uncertainty at this time" it does not intend to make a firm offer for the Aberdeen-headquartered engineering consultancy. bhujboahgxoxdzlhcbqojxmnhsejgbgkiwxlaxlioujcexcsmoldlq