John Wood Group PLC (LSE:WG.) on July 3, 2024 said that the UK Takeover Panel has agreed to extend until July 31 the deadline for Dar Al-Handasah Consultants Shair and Partners Holdings Limited ('Sidara'), to make an offer for the UK engineering services company. The previous deadline for the suitor to state its intentions was July 3. The requested extension will give Sidara more time to finalise its due diligence and other preparations, according to the statement. John Wood decided to engage with the suitor and give it access to due diligence materials after the latter made a fourth and final takeover proposal of 230 pence per Wood share at the end of May.

The offer values the UKfirm at GBP 1.59 billion (USD 2.02 billion /EUR 1.88 billion).