Title: Openai/6952b500-851c-8011-9361-2f64632b350b - freem URL Source: https://freemwiki.com/wiki/Openai/6952b500-851c-8011-9361-2f64632b350b Markdown Content: _This conversation was exported from ChatGPT_[[1]](https://freemwiki.com/wiki/Openai/6952b500-851c-8011-9361-2f64632b350b#cite_note-1) ## gpt-5-2[[edit](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&veaction=edit§ion=1 "Edit section: gpt-5-2") | [edit source](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&action=edit§ion=1 "Edit section's source code: gpt-5-2")] ### User: Why is wood group trading so far below offer price[[edit](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&veaction=edit§ion=2 "Edit section: User: Why is wood group trading so far below offer price") | [edit source](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&action=edit§ion=2 "Edit section's source code: User: Why is wood group trading so far below offer price")] Why is wood group trading so far below offer price ### [[edit](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&veaction=edit§ion=3 "Edit section: Assistant: There are several concrete reasons why Wood Group’s John Wood Group PLC share price is trading so far below the offer p…") | [edit source](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&action=edit§ion=3 "Edit section's source code: Assistant: There are several concrete reasons why Wood Group’s John Wood Group PLC share price is trading so far below the offer p…")] There are several concrete reasons why Wood Group’s (John Wood Group PLC) share price is trading so far below the offer price, and why the market isn’t marking the stock up to the takeover level (e.g., 30p offer) until the deal is completed: ##### [[edit](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&veaction=edit§ion=4 "Edit section: The current offer (around 30p per share) from Sidara is not yet final and unconditional — it’s subject to regulatory, financial and shareholder conditions. Markets will often discount a share price below the offer until all conditions are satisfied or a firm offer is declared. If there’s a real chance the deal could be renegotiated or fall through, the share price may stay well below the offer level.") | [edit source](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&action=edit§ion=4 "Edit section's source code: The current offer (around 30p per share) from Sidara is not yet final and unconditional — it’s subject to regulatory, financial and shareholder conditions. Markets will often discount a share price below the offer until all conditions are satisfied or a firm offer is declared. If there’s a real chance the deal could be renegotiated or fall through, the share price may stay well below the offer level.")] ##### Wood Group has been facing major financial headwinds:[[edit](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&veaction=edit§ion=5 "Edit section: Wood Group has been facing major financial headwinds:") | [edit source](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&action=edit§ion=5 "Edit section's source code: Wood Group has been facing major financial headwinds:")] * Significant revenue declines and lower profitability in recent periods. Investing.com[[2]](https://freemwiki.com/wiki/Openai/6952b500-851c-8011-9361-2f64632b350b#cite_note-2) * Large free cash flow outflows and high net debt levels. Investegate[[3]](https://freemwiki.com/wiki/Openai/6952b500-851c-8011-9361-2f64632b350b#cite_note-3) * A substantial pre-tax loss in the latest accounts (e.g., reported impairments). ADVFN[[4]](https://freemwiki.com/wiki/Openai/6952b500-851c-8011-9361-2f64632b350b#cite_note-4) Investors typically price in financial weakness, especially when there’s risk of further dilution, debt refinancing issues or restructuring. ##### [[edit](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&veaction=edit§ion=6 "Edit section: The company uncovered accounting errors and oversight failures that delayed its results and caused a trading suspension earlier in the year. Investing.com[5] That episode eroded investor confidence and heightened perceived risk, which keeps the share price lower.") | [edit source](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&action=edit§ion=6 "Edit section's source code: The company uncovered accounting errors and oversight failures that delayed its results and caused a trading suspension earlier in the year. Investing.com[5] That episode eroded investor confidence and heightened perceived risk, which keeps the share price lower.")] ##### [[edit](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&veaction=edit§ion=7 "Edit section: The London Stock Exchange suspended the share while financials were being audited and restored only recently. Trading suspensions create illiquidity and uncertainty, which usually suppress share prices until clarity returns. ADVFN[6]") | [edit source](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&action=edit§ion=7 "Edit section's source code: The London Stock Exchange suspended the share while financials were being audited and restored only recently. Trading suspensions create illiquidity and uncertainty, which usually suppress share prices until clarity returns. ADVFN[6]")] ##### Wood’s liquidity position and debt maturities have been major concerns. Market participants have been worried about refinancing risk and whether lenders might demand asset sales or other actions that could reduce shareholder value if the takeover fails. Press and Journal[[7]](https://freemwiki.com/wiki/Openai/6952b500-851c-8011-9361-2f64632b350b#cite_note-7)[[edit](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&veaction=edit§ion=8 "Edit section: Wood’s liquidity position and debt maturities have been major concerns. Market participants have been worried about refinancing risk and whether lenders might demand asset sales or other actions that could reduce shareholder value if the takeover fails. Press and Journal[7]") | [edit source](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&action=edit§ion=8 "Edit section's source code: Wood’s liquidity position and debt maturities have been major concerns. Market participants have been worried about refinancing risk and whether lenders might demand asset sales or other actions that could reduce shareholder value if the takeover fails. Press and Journal[7]")] ##### [[edit](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&veaction=edit§ion=9 "Edit section: Even before the recent turmoil, the company’s market valuation had plunged from near 880p per share several years ago to the current levels, largely because of underperformance, restructuring costs, and loss-making contracts. This long history of downgrades and negative surprises weighs on valuation sentiment. Press and Journal[8]") | [edit source](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&action=edit§ion=9 "Edit section's source code: Even before the recent turmoil, the company’s market valuation had plunged from near 880p per share several years ago to the current levels, largely because of underperformance, restructuring costs, and loss-making contracts. This long history of downgrades and negative surprises weighs on valuation sentiment. Press and Journal[8]")] ##### [[edit](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&veaction=edit§ion=10 "Edit section: A takeover bid price may act as a ceiling for where the share trades in the market — but the stock will often trade noticeably below that until:") | [edit source](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&action=edit§ion=10 "Edit section's source code: A takeover bid price may act as a ceiling for where the share trades in the market — but the stock will often trade noticeably below that until:")] * The bidder makes a firm offer under the Takeover Code, * All conditions are met (regulatory, financing, audited accounts), and * **Shareholders accept the bid. Until then, the price reflects: ✔ the risk the offer could be lowered ✔ the possibility it might be withdrawn ✔ the risk of other financing outcomes ✔ discount for company risk and market conditions ##### Wood Group shares are trading well below the offer price primarily due to:[[edit](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&veaction=edit§ion=11 "Edit section: Wood Group shares are trading well below the offer price primarily due to:") | [edit source](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&action=edit§ion=11 "Edit section's source code: Wood Group shares are trading well below the offer price primarily due to:")] * Takeover uncertainty and conditionality * Poor recent financial performance and debt concerns * Accounting problems and market suspension * Investor risk discount and illiquidity If the takeover becomes unconditional and final, the stock will usually gravitate closer to the offer price — but until then, the market prices in the risk that things might not go through at that price or at all. If you want, I can go into how likely it is the takeover will complete and what happens to your shares in different scenarios. ### User: Yes[[edit](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&veaction=edit§ion=12 "Edit section: User: Yes") | [edit source](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&action=edit§ion=12 "Edit section's source code: User: Yes")] Yes ### [[edit](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&veaction=edit§ion=13 "Edit section: Assistant: Here’s a clear breakdown of how likely the Wood Group takeover at 30 p per share is to complete, what still needs to ha…") | [edit source](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&action=edit§ion=13 "Edit section's source code: Assistant: Here’s a clear breakdown of how likely the Wood Group takeover at 30 p per share is to complete, what still needs to ha…")] Here’s a clear breakdown of how likely the Wood Group takeover at ~30 p per share is to complete, what still needs to happen, and what the share price discount reflects. #### 🧠 Current Takeover Situation[[edit](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&veaction=edit§ion=14 "Edit section: 🧠 Current Takeover Situation") | [edit source](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&action=edit§ion=14 "Edit section's source code: 🧠 Current Takeover Situation")] 📌 Sidara’s offer Sidara (via Bidco) offered to buy John Wood Group PLC for 30 p per share in cash, recommended by Wood’s board and approved by shareholders. Investing.com India[[9]](https://freemwiki.com/wiki/Openai/6952b500-851c-8011-9361-2f64632b350b#cite_note-9) 📌 Completion expected The companies still expect the deal to complete in the first half of 2026 — but completion is not guaranteed until final legal, regulatory and financing conditions are met. Investing.com[[10]](https://freemwiki.com/wiki/Openai/6952b500-851c-8011-9361-2f64632b350b#cite_note-10) #### ✅ What Has Already Happened[[edit](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&veaction=edit§ion=15 "Edit section: ✅ What Has Already Happened") | [edit source](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&action=edit§ion=15 "Edit section's source code: ✅ What Has Already Happened")] ##### ✔️ Shareholder approval[[edit](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&veaction=edit§ion=16 "Edit section: ✔️ Shareholder approval") | [edit source](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&action=edit§ion=16 "Edit section's source code: ✔️ Shareholder approval")] Shareholders voted overwhelmingly in favour of the scheme of arrangement and the special resolutions needed to implement the takeover. Investing.com India[[11]](https://freemwiki.com/wiki/Openai/6952b500-851c-8011-9361-2f64632b350b#cite_note-11) ##### ✔️ Funding and refinancing progress[[edit](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&veaction=edit§ion=17 "Edit section: ✔️ Funding and refinancing progress") | [edit source](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&action=edit§ion=17 "Edit section's source code: ✔️ Funding and refinancing progress")] Key internal financing hurdles have been satisfied: * Interim funding put in place * Debt facilities extended to 2028 * Some “Exceptional Conditions” already met. Investing.com[[12]](https://freemwiki.com/wiki/Openai/6952b500-851c-8011-9361-2f64632b350b#cite_note-12) This strengthens the chances the deal will go through because it shows Sidara and Wood have resolved some big financial risks. #### ❗ What Still Needs to Happen Before Completion[[edit](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&veaction=edit§ion=18 "Edit section: ❗ What Still Needs to Happen Before Completion") | [edit source](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&action=edit§ion=18 "Edit section's source code: ❗ What Still Needs to Happen Before Completion")] Even with shareholder approval, several conditions remain outstanding: ##### 🔹 Regulatory and antitrust approvals[[edit](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&veaction=edit§ion=19 "Edit section: 🔹 Regulatory and antitrust approvals") | [edit source](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&action=edit§ion=19 "Edit section's source code: 🔹 Regulatory and antitrust approvals")] Authorities must clear the transaction — this can take time and isn’t fully under Wood’s or Sidara’s control. Wood[[13]](https://freemwiki.com/wiki/Openai/6952b500-851c-8011-9361-2f64632b350b#cite_note-13) ##### 🔹 Court sanction (scheme approval)[[edit](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&veaction=edit§ion=20 "Edit section: 🔹 Court sanction (scheme approval)") | [edit source](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&action=edit§ion=20 "Edit section's source code: 🔹 Court sanction (scheme approval)")] Since this is being done via a court-sanctioned scheme of arrangement, a court must formally approve it. Wood[[14]](https://freemwiki.com/wiki/Openai/6952b500-851c-8011-9361-2f64632b350b#cite_note-14) ##### 🔹 No material debt acceleration[[edit](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&veaction=edit§ion=21 "Edit section: 🔹 No material debt acceleration") | [edit source](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&action=edit§ion=21 "Edit section's source code: 🔹 No material debt acceleration")] One of the Exceptional Conditions is that none of Wood’s amended debt facilities are terminated or accelerated in a way that violates the terms — this is still outstanding and could derail the deal if triggered. Wood[[15]](https://freemwiki.com/wiki/Openai/6952b500-851c-8011-9361-2f64632b350b#cite_note-15) ##### 🔹 Other legal and documentary requirements[[edit](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&veaction=edit§ion=22 "Edit section: 🔹 Other legal and documentary requirements") | [edit source](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&action=edit§ion=22 "Edit section's source code: 🔹 Other legal and documentary requirements")] Certain legal steps and paperwork must still be completed — until these are done, the offer isn’t legally binding. Wood[[16]](https://freemwiki.com/wiki/Openai/6952b500-851c-8011-9361-2f64632b350b#cite_note-16) #### [[edit](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&veaction=edit§ion=23 "Edit section: 📉 Why the Share Price Still Trades Below 30p") | [edit source](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&action=edit§ion=23 "Edit section's source code: 📉 Why the Share Price Still Trades Below 30p")] Even though 30p is the offer price, the market discounts the share price below that level because of remaining uncertainty: ##### 1. Completion risk[[edit](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&veaction=edit§ion=24 "Edit section: 1. Completion risk") | [edit source](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&action=edit§ion=24 "Edit section's source code: 1. Completion risk")] Shares do not automatically trade at the offer price until the deal is unconditional — and right now it’s still conditional on several things that could fail. Wood[[17]](https://freemwiki.com/wiki/Openai/6952b500-851c-8011-9361-2f64632b350b#cite_note-17) ##### 2. Regulatory unknowns[[edit](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&veaction=edit§ion=25 "Edit section: 2. Regulatory unknowns") | [edit source](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&action=edit§ion=25 "Edit section's source code: 2. Regulatory unknowns")] Antitrust and court approvals aren’t guaranteed and can be slow — markets price in the risk they may be delayed or refused. Wood[[18]](https://freemwiki.com/wiki/Openai/6952b500-851c-8011-9361-2f64632b350b#cite_note-18) ##### 3. Company history & risk premium[[edit](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&veaction=edit§ion=26 "Edit section: 3. Company history & risk premium") | [edit source](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&action=edit§ion=26 "Edit section's source code: 3. Company history & risk premium")] Wood had accounting issues, liquidity pressures, and a long suspension of trading earlier in 2025 — investors demand a discount for these risks. Investing.com[[19]](https://freemwiki.com/wiki/Openai/6952b500-851c-8011-9361-2f64632b350b#cite_note-19) ##### 4. Exceptional Conditions[[edit](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&veaction=edit§ion=27 "Edit section: 4. Exceptional Conditions") | [edit source](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&action=edit§ion=27 "Edit section's source code: 4. Exceptional Conditions")] Because some critical conditions can’t be waived and would automatically cancel the deal if unmet, the market treats them as real risk factors. Wood[[20]](https://freemwiki.com/wiki/Openai/6952b500-851c-8011-9361-2f64632b350b#cite_note-20) #### 📅 Timeline & Probabilities[[edit](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&veaction=edit§ion=28 "Edit section: 📅 Timeline & Probabilities") | [edit source](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&action=edit§ion=28 "Edit section's source code: 📅 Timeline & Probabilities")] Here’s how the likely sequence looks: | Step | Expected Timing | Status | | ------------------------------------------ | ------------------ | --------------------------- | | Regulatory and antitrust decisions | Early–mid 2026 | Ongoing | | Court sanction of scheme | Before completion | Pending | | Deal completion / scheme becomes effective | H1 2026 (expected) | On track but not guaranteed | Probability view (market implied): Because the share trades below 30p, the market is effectively saying there is meaningful risk the deal might be delayed, renegotiated, or even fail — so it’s pricing in a risk discount. #### 📌 Bottom Line[[edit](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&veaction=edit§ion=29 "Edit section: 📌 Bottom Line") | [edit source](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&action=edit§ion=29 "Edit section's source code: 📌 Bottom Line")] ✅ Deal likelihood: Still good — significant progress has been made, and shareholders have approved it. ⚠️ Deal isn’t guaranteed: Some hard conditions still need satisfying (regulatory, court sanction, no debt acceleration). 📉 Shares trade below offer price: Because the market is discounting the uncertainty left before formal completion. If you’d like, I can explain what happens to your shares (and your options) in different scenarios — for example, if the deal completes as planned, if it’s delayed, or if it collapses. ## References[[edit](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&veaction=edit§ion=30 "Edit section: References") | [edit source](https://freemwiki.com/index.php?title=Openai/6952b500-851c-8011-9361-2f64632b350b&action=edit§ion=30 "Edit section's source code: References")] 1. [↑](https://freemwiki.com/wiki/Openai/6952b500-851c-8011-9361-2f64632b350b#cite_ref-1 "Jump up")["Wood Group Offer Discount"](https://chatgpt.com/share/6952b500-851c-8011-9361-2f64632b350b). ChatGPT. Retrieved 2026-01-01. 2. [↑](https://freemwiki.com/wiki/Openai/6952b500-851c-8011-9361-2f64632b350b#cite_ref-2 "Jump up")["Investing.com"](https://www.investing.com/news/company-news/wood-group-reports-h1-2025-revenue-down-133-amid-financial-challenges-93CH-4321226). investing.com. Retrieved 2026-01-01. 3. [↑](https://freemwiki.com/wiki/Openai/6952b500-851c-8011-9361-2f64632b350b#cite_ref-3 "Jump up")["Investegate"](https://www.investegate.co.uk/announcement/rns/wood-group-john---wg./hy25-results-replacement/9204875). investegate.co.uk. Retrieved 2026-01-01. 4. [↑](https://freemwiki.com/wiki/Openai/6952b500-851c-8011-9361-2f64632b350b#cite_ref-4 "Jump up")["ADVFN"](https://uk.advfn.com/market-news/article/7750/wood-group-shares-soar-as-trading-resumes-after-five-month-suspension). uk.advfn.com. Retrieved 2026-01-01. 5. [↑](https://freemwiki.com/wiki/Openai/6952b500-851c-8011-9361-2f64632b350b#cite_ref-5 "Jump up")["Investing.com"](https://www.investing.com/news/stock-market-news/wood-group-shares-drop-25-after-accounting-issues-delay-fy24-results-3956474). investing.com. Retrieved 2026-01-01. 6. [↑](https://freemwiki.com/wiki/Openai/6952b500-851c-8011-9361-2f64632b350b#cite_ref-6 "Jump up")["ADVFN"](https://uk.advfn.com/market-news/article/7750/wood-group-shares-soar-as-trading-resumes-after-five-month-suspension). uk.advfn.com. Retrieved 2026-01-01. 7. [↑](https://freemwiki.com/wiki/Openai/6952b500-851c-8011-9361-2f64632b350b#cite_ref-7 "Jump up")["Press and Journal"](https://www.pressandjournal.co.uk/fp/business/local/6848267/wood-group-chairman-warns-shareholders-could-be-left-with-nothing-if-they-dont-back-30p-takeover-offer/). Press and Journal. Retrieved 2026-01-01. 8. [↑](https://freemwiki.com/wiki/Openai/6952b500-851c-8011-9361-2f64632b350b#cite_ref-8 "Jump up")["Press and Journal"](https://www.pressandjournal.co.uk/fp/business/local/6887751/wood-group-shares-surge/). Press and Journal. Retrieved 2026-01-01. 9. [↑](https://freemwiki.com/wiki/Openai/6952b500-851c-8011-9361-2f64632b350b#cite_ref-9 "Jump up")["Investing.com India"](https://in.investing.com/news/company-news/wood-shareholders-approve-sidaras-cash-acquisition-93CH-5113214). Investing.com India. Retrieved 2026-01-01. 10. [↑](https://freemwiki.com/wiki/Openai/6952b500-851c-8011-9361-2f64632b350b#cite_ref-10 "Jump up")["Investing.com"](https://www.investing.com/news/company-news/wood-group-secures-funding-and-advances-in-sidara-acquisition-93CH-4391298). investing.com. Retrieved 2026-01-01. 11. [↑](https://freemwiki.com/wiki/Openai/6952b500-851c-8011-9361-2f64632b350b#cite_ref-11 "Jump up")["Investing.com India"](https://in.investing.com/news/company-news/wood-shareholders-approve-sidaras-cash-acquisition-93CH-5113214). Investing.com India. Retrieved 2026-01-01. 12. 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