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2m ago Wood Group, whose shares have been suspended since May, has said that that it will exceed its borrowing limit when it publishes its account for the year ended Dec. 31 2024, something which could jeopardise the acquisition of the engineering firm. Wood Group is therefore looking for shareholder approval to temporarily disapply the borrowing limit until October 2028, so that it can continue to finance its business and operations. In August, design and energy conglomerate Sidara offered to buy Wood Group for 30 pence in cash per share, a 63% premium to Wood’s closing price back in May. Wood said that the deal “remains critical to the company’s future.” Kit ReesUK Markets Today, LondonCopied{«contentId»:»T3QYESGPWCUG00″,»position»:»box1″,»dimensions»:{«small_desktop»:[[300,600],[300,250],[3,3],[1,1],»fluid»],»large_desktop»:[[300,600],[300,250],[3,3],[1,1],»fluid»]},»positionIncrement»:1,»targeting»:{«position»:»box1″,»positionIncrement»:1,»url»:»/news/live-blog/2025-10-07/ftse-100-live-gold-prices-oil-pound-bonds-inflation-what-s-moving-uk-markets-right-now-markets-today-mgg4rvin»},»containerId»:null}
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