Sidara now has until April 17th to make a firm offer, as per UK takeover regulations. This extension follows Sidara’s renewed interest after abandoning a previous £1.56 billion proposal last August, citing global market instability.

Wood Group, which employs over 6,000 UK staff, including approximately 4,500 in Scotland supporting North Sea operations, confirmed Sidara’s return last month. This renewed interest comes after a failed £1.68bn private equity bid from Apollo in 2023.