Engineering Firm Sidara Weighs Potential Acquisition of John Wood Group
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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.
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 because the information is private. The shares jumped as much as 22% in London trading.