Deals
Wood Group Confirms Fresh Takeover Approach From Sidara
- Energy services firm plunged to a record low this month
- Sidara walked away from previous takeover offer last year
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John Wood Group Plc confirmed that it has received a fresh takeover offer from engineering company Sidara, after a previous approach last year ended without a deal.
Sidara will be required to announce whether it intends to make a firm offer by March 24, Wood Group said in a statement on Monday. The approach was first reported by the Financial Times.