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Evening Standard
Evening Standard
Business
Holly Williams

Wood Group reveals fresh takeover approach from Dubai-based Sidara

Troubled engineering firm John Wood Group confirmed that Dubai-based suitor Sidara has returned for a second takeover tilt less than a year after walking away from a deal.

Aberdeen-headquartered Wood Group said it had received an approach from Sidara, sending Wood’s beleaguered shares rebounding by more than 33% in afternoon trading on Monday.

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