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Aecon Group Inc (ARE.TO)

ARE.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Aecon Group Announces Extension of the Arrangement Agreement Outside Date
Wednesday, 28 Mar 2018 08:03am EDT 

March 28 (Reuters) - Aecon Group Inc ::AECON GROUP - EXTENDING OUTSIDE DATE FOR COMPLETING PLAN OF ARRANGEMENT WITH CCCC INTERNATIONAL HOLDING LIMITED TO JULY 13, 2018.AECON GROUP - PARTIES CHOSE TO EXTEND OUTSIDE DATE BECAUSE OF ONGOING REVIEW OF PROPOSED DEAL UNDER INVESTMENT CANADA ACT.  Full Article

Aecon Partnership Finalizes Contract For Site C Generating Station And Spillways Civil Works
Friday, 16 Mar 2018 08:11am EDT 

March 16 (Reuters) - Aecon Group Inc ::AECON PARTNERSHIP FINALIZES CONTRACT FOR SITE C GENERATING STATION AND SPILLWAYS CIVIL WORKS.AECON GROUP INC - CONTRACT VALUED AT $1.6 BILLION.AECON GROUP INC - CO IS MANAGING PARTNER OF CONSORTIUM AND HOLDS A 30 PER CENT SHARE OF PARTNERSHIP​.AECON GROUP - CONSTRUCTION IS EXPECTED TO BEGIN IN SPRING OF 2018, WITH WORK EXPECTED TO BE COMPLETED IN EARLY 2023.  Full Article

Aecon Group Qtrly Earnings Per Share $0.33
Tuesday, 6 Mar 2018 04:33pm EST 

March 6 (Reuters) - Aecon Group Inc ::AECON REPORTS 2017 RESULTS AND ANNOUNCES ANNUAL DIVIDEND.AECON GROUP INC - ‍BACKLOG AS AT DEC 31, 2017 OF $4,247 MILLION COMPARED TO BACKLOG OF $4,204 MILLION AS AT DECEMBER 31, 2016​.AECON GROUP INC - QTRLY ‍​EARNINGS PER SHARE $0.33.AECON GROUP INC - QTRLY ‍​REVENUE $685.0 MILLION VERSUS $845.1 MILLION.  Full Article

Aecon Issues Statement About Proposed Transaction With CCCC International Holding Limited
Friday, 9 Feb 2018 09:48am EST 

Feb 9 (Reuters) - Aecon Group Inc ::AECON ISSUES STATEMENT ABOUT PROPOSED TRANSACTION WITH CCCC INTERNATIONAL HOLDING LIMITED.AECON - DOES NOT OWN ANY INTELLECTUAL PROPERTY RELATED TO NUCLEAR ENERGY; NOR DOES IT POSSESS OTHER "SENSITIVE PROPRIETARY TECHNOLOGY".AECON GROUP SAYS "FOLLOWING CLOSE OF PROPOSED TRANSACTION WITH CCCI, AECON WILL CONTINUE TO BE LED BY ITS CANADIAN MANAGEMENT TEAM".AECON - CCCI DOES NOT RECEIVE GOVERNMENT SUBSIDIES FOR ITS INTERNATIONAL ACTIVITIES.AECON - PROPOSED TRANSACTION WITH CCCI DOES NOT RESULT IN A CANADIAN (OR ANY) CROWN CORPORATION BIDDING AGAINST A PRIVATE CO​.  Full Article

Aecon Receives Court Approval Of Plan Of Arrangement With CCCI International
Friday, 22 Dec 2017 10:39am EST 

Dec 22 (Reuters) - Aecon Group Inc ::COURT APPROVES AECON PLAN OF ARRANGEMENT.AECON GROUP INC - ‍ONTARIO SUPERIOR COURT OF JUSTICE ISSUED FINAL ORDER APPROVING PLAN OF ARRANGEMENT WHERE CCCC INTERNATIONAL WILL BUY CO.AECON GROUP INC - ARRANGEMENT WITH CCCC INTERNATIONAL EXPECTED TO CLOSE BY END OF Q1 OF 2018.  Full Article

Aecon Group Shareholders Approve Plan Of Arrangement with CCCC International
Tuesday, 19 Dec 2017 03:10pm EST 

Dec 19 (Reuters) - Aecon Group Inc ::AECON SHAREHOLDERS APPROVE PLAN OF ARRANGEMENT.AECON GROUP - SHAREHOLDERS VOTED TO APPROVE PREVIOUSLY ANNOUNCED DEAL AS PER WHICH CCCC INTERNATIONAL WILL ACQUIRE ALL COMMON SHARES OF CO.AECON GROUP INC - APPROXIMATELY 99.40 PER CENT OF VOTES CAST BY AECON SHAREHOLDERS WERE IN FAVOUR OF PLAN OF ARRANGEMENT WITH CCCI.AECON GROUP INC - ARRANGEMENT IS EXPECTED TO CLOSE BY END OF Q1 OF 2018.  Full Article

Aecon And Areva Signed Contract Valued At More Than $130 Million
Tuesday, 12 Dec 2017 08:30am EST 

Dec 12 (Reuters) - Aecon Group Inc ::INTEGRATED JV FORMED AMONG AECOM, CO AND AREVA NP SIGNED CONTRACT VALUED AT MORE THAN $130 MILLION.CONTRACT IS TO REPLACE STEAM GENERATORS AT UNIT 6 OF BRUCE NUCLEAR GENERATING STATION IN ONTARIO, CANADA.WORK UNDER CONTRACT IS SCHEDULED TO REACH SUBSTANTIAL COMPLETION IN Q1 OF 2022.SGRT SIGNED PREFERRED SUPPLIER AGREEMENT FOR STEAM GENERATOR REPLACEMENTS AT UNIT 6'S REMAINING FIVE UNITS.  Full Article

Aecon Announced Receipt Of Two Regulatory Approvals In Respect Of Deal With CCCI
Friday, 8 Dec 2017 10:20am EST 

Dec 8 (Reuters) - Aecon Group Inc ::AECON PROVIDES UPDATE ON PROPOSED TRANSACTION WITH CCCI.AECON GROUP INC - ‍ ANNOUNCED RECEIPT OF TWO REGULATORY APPROVALS IN RESPECT OF ACQUISITION BY CCCC INTERNATIONAL HOLDING LIMITED​.AECON GROUP INC SAYS‍ ISS AND GLASS LEWIS, HAVE BOTH RECOMMENDED THAT CO'S SHAREHOLDERS VOTE FOR SPECIAL RESOLUTION APPROVING CCCI'S ACQUISITION OF CO​.  Full Article

China Communications Construction's units to buy Canada's Aecon
Thursday, 26 Oct 2017 09:06am EDT 

Oct 26 (Reuters) - China Communications Construction Co Ltd <601800.SS>1800.HK:Says units plan to buy Canada's Aecon Group Inc <<>> for C$1.45 billion ($1.13 billion).  Full Article

Aecon group Q3 operating earnings per share C$0.37
Thursday, 26 Oct 2017 06:01am EDT 

Oct 26 (Reuters) - Aecon Group Inc :Aecon reports third quarter 2017 results.Q3 operating earnings per share c$0.37.Q3 earnings per share view c$0.41 -- Thomson Reuters I/B/E/S.Aecon group inc - ‍revenue for three months ended september 30, 2017 was $760 million compared to $838 million in q3 of 2016​.Aecon group inc - ‍backlog as at september 30, 2017 of $4.32 billion compares to backlog of $4.37 billion as at end of q2 of 2017​.Aecon group inc - ‍new contract awards of $714 million were booked in q3 of 2017​.Aecon group - ‍expect lower overall revenue in 2017, driven by lower activity in mining segment, expectation for mining revenue to be lower in q4.  Full Article

UPDATE 5-Canada blocks China firm's takeover of Aecon on national security grounds

* Rising wariness toward China firms' overseas deals (Adds Canadian prime minister's comments, background on other China deals)