After rejecting three acquisition offers from Dubai-based AE consolidator Sidara, formerly Dar Group, energy-industrial services firm agrees to talks related to latest sweetened bid.
The Biden administration propels efforts to upgrade U.S. grid infrastructure as new reports show big power demand from data centers, AI and planned hydrogen fuel production.
Latest acquisition offer from Sidara, formerly Dar Group, was its third in recent weeks but still "significantly undervalued" the energy specialist, it said.