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Monday, June 23, 2014

BRIEF-Canada's SNC-Lavalin Group to purchase London-listed Kentz for 1.16 billion stg, (TSE: SNC.TO)

SNC-Lavalin Group : * Offer for Kentz Corporation Ltd* Agreement has been reached on terms of a recommended cash acquisition by which entire issued and to be issued ordinary share capital of Kentz will be acquired by SNC-Lavalin (GB)* It is intended that acquisition will be implemented by means of a court-sanctioned scheme of arrangement under article 125 of companies law.* Offer value of 935 pence per scheme share represents a premium of

SNC-Lavalin Group Inc. (SNC-Lavalin) is an international engineering and construction company. Shares of SNC fell by 1.0% or $-0.53/share to $52.40. In the past year, the shares have traded as low as $39.47 and as high as $55.44. On average, 406416 shares of SNC.TO exchange hands on a given day and today's volume is recorded at 1002185.