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Troubled engineering firm John Wood Group has received a fresh takeover bid from Dubai-based suitor Sidara. Aberdeen-headquartered Wood Group said Sidara – a privately held network of engineering and design companies run from the United Arab Emirates – has now put forward a non-binding conditional offer of 35p per share to buy Wood. The offer, which would also include a potential 450m dollar (£342m) cash injection into Wood, would value the company at around £242m. #news #company #consulting #en
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