Dar Al-Handasah Consultants Shair and Partners Holdings Limited made a proposal to acquire John Wood Group PLC (LSE : WG.) for £1.5 billion on April 30, 2024. The Proposal was received on April 30, 2024 and proposed an offer price of 205 pence per Wood share. As of May 14, 2024 Dar Al-Handasah Consultants Shair and Partners increase bid price to 212 pence from 205 pence after John Wood board rejected proposal on May 8, 2024 stating price is undervalued.

Richard Perelman, James Robinson and Charles Oakes of J.P. Morgan Cazenove and Matthew Jarman, Tom Perry and Alex Smart of Morgan Stanley & Co. International plc acted as financial advisors to John Wood Group.

Dar Al-Handasah Consultants Shair and Partners Holdings Limited cancelled the acquisition of John Wood Group PLC (LSE : WG.) on May 15, 2024. The transaction was cancelled because Board believes that the transaction fundamentally undervalued Wood and its future prospects. Accordingly, the Board rejected the Proposal unanimously on May 15, 2024.