June 23, 2014 / 10:54 AM / 3 years ago

Canada's SNC-Lavalin to buy UK's Kentz for $2 bln

1 Min Read

June 23 (Reuters) - SNC-Lavalin Group Inc, Canada's largest engineering and construction company, said it would buy British energy services provider Kentz Corp Ltd for about 1.164 billion pounds ($1.98 billion) in cash.

SNC-Lavalin said each Kentz shareholder will receive 935 pence per share, a premium of 33 percent to Kentz's Friday close on the London Stock Exchange.

Kentz's shares were trading at 930 pence at 1048 GMT on Monday. ($1 = 0.5876 British Pounds) (Reporting by Karen Rebelo in Bangalore; Editing by Saumyadeb Chakrabarty)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below