Close Menu
  • Home
  • Maritime
  • Offshore
  • Port
  • Oil & Gas
  • Energy
  • Technology
  • Incidents
  • Environment
  • Events
    • Maritime
    • Offshore
    • Oil & Gas
    • Energy
  • Advertising
  • Contact
Facebook X (Twitter) Instagram LinkedIn
Trending
  • US approves OCI Global’s sale of methanol business to Methanex
  • Talks about 40-year continuation of Australia’s mega gas project draw out
  • Seequent’s Visible Geology Used By 90,000 Worldwide
  • Tallest Maritime Oil Rig Ever Deployed
  • Walter Thomassie, Managing Director, Thoma-Sea Marine Constructors, LLC
  • Everllence and Plastic Fischer Partner in Fight Against Plastic Waste
  • Equinor awards plug and abandonment job to Baker Hughes
  • ESPO: ‘Right conditions’ need to be created for ports to implement Clean Industrial Deal
Facebook X (Twitter) Instagram LinkedIn
Maritime247.comMaritime247.com
  • Home
  • Maritime
  • Offshore
  • Port
  • Oil & Gas
  • Energy
  • Tech
  • Incidents
  • Environment
  • Events
    • Maritime
    • Oil & Gas
    • Offshore
    • Energy
  • Advertising
Maritime247.comMaritime247.com
Home»Offshore»Wood extends Sidara buyout talks once again
Offshore

Wood extends Sidara buyout talks once again

June 14, 2025
Facebook Twitter LinkedIn WhatsApp Reddit Tumblr Email
Share
Facebook Twitter LinkedIn Email


Wood

Wood Extends Deadline for Potential Acquisition Offer

UK consulting and engineering firm Wood has once again extended the deadline by which Dar Al-Handasah Consultants Shair and Partners Holdings, also known as Sidara, must make an offer for Wood or withdraw from the deal.

The non-binding conditional proposal from Sidara is for a possible offer of 35 pence in cash per Wood share to acquire the entire issued and to be issued share capital of the company.

This offer is worth around £242m ($328m) and includes taking on Wood’s outstanding debt of approximately $1.1bn. Sidara would also inject $450m into the UK company in two tranches. The company’s board has recommended that shareholders accept the offer if it comes to pass.

An extension regarding negotiations with Sidara was first made in March, and it was supposed to end on April 17. However, no offer can be made without Wood publicising its audited accounts for the financial year ended December 31, 2024.

Since those results are still being audited, Wood extended the deadline for negotiations an additional three times.

Now, Sidara must make a firm offer for Wood or announce that it does not intend to make an offer by no later than 5 pm British time on June 30. This deadline can be extended further if the audited financials are not published by then.

See also  Abandoned OSV crew take to social media to get paid
buyout Extends Sidara Talks Wood
Share. Facebook Twitter LinkedIn Tumblr Telegram Email

Related Posts

Talks about 40-year continuation of Australia’s mega gas project draw out

June 15, 2025

Equinor awards plug and abandonment job to Baker Hughes

June 15, 2025

Philippines launches 3.3GW offshore wind round

June 15, 2025
Top Posts

Coast Guard Overflight Footage Reveals Fire Spreading on Morning Midas Car Carrier Off Alaska Coast

June 6, 2025

China Fights Australia’s Plans to Reclaim Darwin Port Citing U.S. Influence

May 27, 2025

Car Carrier ‘Morning Midas’ Catches Fire with Electric Vehicles Off Alaska

June 5, 2025

Tallest Lighthouse Still in Operation at Sea

May 30, 2025
Don't Miss
Energy

Ocean Kinetics and Green Marine wrap up OpenHydro tidal platform decommissioning

December 23, 2024

Scottish Companies Ocean Kinetics and Green Marine Complete Decommissioning of OpenHydro’s Tidal Energy Platform at…

Maersk Upgrades IoT Connectivity Across Its Fleet

May 7, 2025

Lack of E-Fuel Supply is Delaying Adoption of Methanol Engines

March 20, 2025

Major European Ports Face Headwinds in Q1 as Global Trade Tensions Rise

April 24, 2025

Subscribe to Updates

Your Weekly Dive into Maritime & Energy News.

About Us
About Us

Stay informed with the latest in maritime, offshore, oil & gas, and energy industries. Explore news, trends, and insights shaping the global energy landscape.

For advertising inquiries, contact us at
info@maritime247.com.

Facebook X (Twitter) YouTube LinkedIn
Our Picks

NUWC Employee Shares Family Legacy with USS Fort Lauderdale

January 10, 2025

LR and Prodigy to work on transportable nuclear power plants

March 13, 2025

Two companies from Americas partner on AUV for wind and wave survey and maintenance, subsea security (Video)

January 28, 2025

Subscribe to Updates

Your Weekly Dive into Maritime & Energy News.

© 2025 maritime247.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • Advertising

Type above and press Enter to search. Press Esc to cancel.