Sidara abandons Wood Group takeover due to geopolitical risks and financial uncertainties.

Sidara, a potential suitor for Wood Group, has decided to abandon takeover talks due to rising geopolitical risks and financial uncertainties. Wood Group shares dropped as a result, with this being the second time in 15 months that a suitor has withdrawn a bid for the company. Wood Group remains confident in its strategic direction and fundamental prospects, despite a fall in interim revenues.