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Sidara gets more time to make a takeover offer for Wood Group, aiming to stabilize its struggling share price.
Engineering firm Wood Group has given Dubai's Sidara more time to make a takeover offer, extending the deadline to April 17.
This comes after a previous attempt by Sidara to acquire Wood Group in 2023 failed.
The extension aims to allow Sidara more time to consider its offer, which could potentially stabilize Wood Group's share price, currently affected by financial issues and governance concerns.
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Sidara obtiene más tiempo para hacer una oferta de adquisición para Wood Group, con el objetivo de estabilizar su difícil precio de acciones.