Sidara failed to acquire John Wood Group for $2.03bn.

Dar Al-Handasah Consultants Shair and Partners Holdings (Sidara), a consulting company, failed to acquire John Wood Group, a British engineering and consulting firm, for $2.03bn. Sidara's proposals follow activist shareholder Sparta Capital Management's letter to Wood last month, pushing it to consider either selling itself or to reconsider its UK listing.