- John Wood Group (OTCPK:WDGJF) receives a significant buyout proposal from Sidara.
- The offer includes a substantial cash component and covers existing debt.
- This proposal comes at a pivotal time as the company faces financial hurdles.
Buyout Proposal from Sidara
John Wood Group (OTCPK:WDGJF) is evaluating a noteworthy buyout proposal from the UAE-based firm, Sidara. The offer is valued at approximately £242 million, which is set to provide the company with a much-needed financial boost.
Details of the Financial Infusion
The proposal from Sidara includes a cash infusion that could reach up to $450 million. This strategic move is designed to strengthen the financial positioning of John Wood Group as it navigates through its current fiscal…
