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Snc-Lavalin Group Inc (SNC.TO)

SNC.TO on Toronto Stock Exchange

51.90CAD
26 May 2017
Change (% chg)

$-0.08 (-0.15%)
Prev Close
$51.98
Open
$52.04
Day's High
$52.04
Day's Low
$51.50
Volume
295,969
Avg. Vol
377,431
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$59.63
52-wk Low
$50.27

Latest Key Developments (Source: Significant Developments)

SNC-Lavalin adjusts funding arrangement in WS Atkins offer
Tuesday, 16 May 2017 02:00am EDT 

May 16 (Reuters) - Snc-lavalin Group Inc :Offer update.As noted in offer announcement, part of consideration for offer is to be funded from syndicated credit facility and a term loan agreement.Snc-Lavalin has amended and restated syndicated credit facility and term loan agreement into a single agreement.Amended and restated syndicated credit facility agreement) containing a committed revolving credit facility of c$2,750,000,000, a committed term facility of £300,000,000 and a new c$2,500,000,000 uncommitted credit facility.Bridge facility agreement has been terminated and will be removed from snc-lavalin and atkins websites.Syndicated credit facility agreement and term loan agreement will also be removed from snc-lavalin and atkins websites and will be replaced by amended and restated syndicated credit facility agreement.  Full Article

SNC-Lavalin says no plan to increase offer for WS Atkins
Monday, 15 May 2017 02:00am EDT 

May 15 (Reuters) - Snc-lavalin Group Inc :No intention to increase offer for ws atkins.Snc-Lavalin bidco announces that offer price is final and will not be increased.Snc-Lavalin bidco reserves right to increase offer price if there is, on or after date of this announcement, (i) an announcement of a firm intention to make an offer for atkins by a third party offeror.Reserves right to increase offer if (ii) an announcement of a possible offer for atkins by a third party potential offeror.Us federal trade commission has granted request for early termination of hart-scott rodino waiting period.  Full Article

SNC-Lavalin awarded nuclear maintenance contracts in South Korea and China
Monday, 8 May 2017 08:00am EDT 

May 8 (Reuters) - SNC-Lavalin Group Inc : :SNC-Lavalin awarded nuclear maintenance contracts in South Korea and China.SNC-Lavalin group inc - has been awarded a fuel channel inspection (FCI) contract from Korea Hydro And Nuclear Power Company Ltd.SNC-Lavalin Group Inc -also awarded a fuel channel reconfiguration contract from China's third Qinshan Nuclear Power Company Ltd.  Full Article

SNC-Lavalin Group Q1 earnings per share C$0.60
Thursday, 4 May 2017 07:47am EDT 

May 4 (Reuters) - Snc-lavalin Group Inc : :SNC-Lavalin announces solid earnings in q1 2017, with a net income attributable to SNC-Lavalin shareholders of $90 million.Q1 earnings per share C$0.60.Q1 earnings per share view C$0.40 -- Thomson Reuters I/B/E/S.Q1 revenue c$1.8 billion versus I/B/E/S view c$1.9 billion.2017 outlook maintained.FY2017 earnings per share view C$1.89, revenue view C$8.38 billion -- Thomson Reuters I/B/E/S.Q1 adjusted earnings per share $0.70 .Expect increased segment EBIT margins for all segments in 2017, compared to 2016, except for Mining & Metallurgy.Total new contract awards for Q1 amounted to $1.2 billion.Expect increased segment EBIT margins for all segments in 2017, compared to 2016, except for Mining & Metallurgy.Revenue backlog totaled $10.1 billion at end of March 2017.  Full Article

Snc-Lavalin to acquire WS Atkins for £20.80 per share in cash
Thursday, 20 Apr 2017 04:22pm EDT 

April 20 (Reuters) - Snc-Lavalin Group Inc :Snc-Lavalin to acquire WS Atkins to greatly expand our global consulting, design and project management capabilities.Snc-Lavalin to acquire WS Atkins to greatly expand our global consulting, design and project management capabilities.Snc-Lavalin Group Inc - deal for £20.80 per share in cash.Snc-Lavalin Group Inc - expected to deliver approximately $120 million of cost synergies by end of first full financial year after effective date.Snc-Lavalin Group Inc - deal for $3.6 billion.Snc-Lavalin Group - deal expected to be immediately accretive to snc-lavalin's consolidated and e&c adjusted earnings per share before any revenue and cost synergies.Snc-Lavalin Group Inc - Snc-Lavalin does not expect integration review to have a material impact on continued employment of Atkins' employees.Says acquisition represents an enterprise value of $4.2 billion, including pension deficit.Snc-Lavalin Group Inc - entered into a new £300 million unsecured term loan.Expects to maintain its investment-grade rating following closing of acquisition.Snc-Lavalin group-acquisition to be funded through equity,debt issuance,and supported by Caisse De Dépôt Et Placement Du Québec, co's largest shareholder.Snc-Lavalin Group Inc - reaffirming 2017 outlook for adjusted earnings per share from E&C of $1.70 to $2.00.Fy2017 earnings per share view C$1.89 -- Thomson Reuters I/B/E/S.  Full Article

SNC-Lavalin awarded detailed design services contract by Codelco for Talabre Tailings expansion project
Thursday, 13 Apr 2017 08:00am EDT 

Snc-lavalin Group Inc : Snc-Lavalin awarded detailed design services contract by codelco for the talabre tailings expansion project . Snc-Lavalin group inc - has been awarded a contract by corporación nacional del cobre de chile .Snc-Lavalin group - contract to provide detailed design services for talabre tailings expansion phase viii project, located in city of calama.  Full Article

BWXT awarded CA$55 mln contract for feeder supply in support of OPG’S Darlington refurbishment
Thursday, 13 Apr 2017 06:45am EDT 

BWX Technologies Inc : BWXT awarded ca$55 million contract for feeder supply in support of OPG’s Darlington refurbishment . BWX Technologies Inc - project duration will be approximately five years .BWX Technologies Inc - unit been awarded feeder manufacturing contract from SNC-Lavalin / Aecon joint venture valued at approximately CA$55 million.  Full Article

SNC-Lavalin awarded two UK design contracts
Wednesday, 12 Apr 2017 08:00am EDT 

SNC-lavalin Group Inc : SNC-Lavalin awarded two UK design contracts . SNC-Lavalin Group Inc - Announce award of two design contracts for London Underground .SNC-Lavalin Group Inc - Services provided by SNC-Lavalin's Rail & Transit team will assist LU in improving rail vehicle accessibility.  Full Article

SNC-Lavalin awarded midstream oil and gas project with TGI in Colombia
Tuesday, 11 Apr 2017 08:00am EDT 

SNC-Lavalin Group Inc :SNC-Lavalin Group Inc - Been awarded a $35 million lump sum Turnkey Engineering, procurement and construction (epc) contract for TGI S.A. ESP.  Full Article

SNC-Lavalin awarded inspection services contract from HMDC and Exxonmobil Canada Properties
Monday, 10 Apr 2017 08:00am EDT 

SNC-Lavalin Group Inc : SNC-Lavalin awarded inspection services contract from HMDC and Exxonmobil Canada Properties .SNC-Lavalin - has been awarded 6-year contract by partnership composed by Hibernia Management & Development Company and Exxonmobil Canada Properties.  Full Article

More From Around the Web

SNC-Lavalin says won't raise offer for WS Atkins

LONDON SNC-Lavalin will not raise its offer for British engineering and construction firm WS Atkins unless it faces a rival bid for the British firm, the Canadian construction and engineering group said on Monday.