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John Wood Group PLC (WDGJF)
- Reuters
UK's Wood Group to discuss with Sidara on possible takeover proposal
Last week, Sidara raised its proposed takeover offer for the British oilfield services and engineering firm for the third time, saying that the cash offer of 230 pence apiece was its "final offer". The UK's Takeover Panel has granted Sidara until July 3 to either announce a firm intention to make an offer for Wood or walk away under the "put up or shut up" (PUSU) UK takeover rules, Wood Group said on Wednesday.
- Reuters SG
Deals of the day-Mergers and acquisitions
** Prolific oil and gas developer Double Eagle is exploring a sale of its latest Permian Basin-based producer in a deal that could be worth more than $6.5 billion, including debt, according to people familiar with the matter. ** The owner of Britain's Royal Mail has agreed to a 3.57 billion pound ($4.55 billion) takeover by Czech billionaire Daniel Kretinsky, in a take-private deal of one of the world's oldest postal firms.
