May 24, 2018 / 1:53 PM / in 3 months

BUZZ-Aecon: Canada blocks deal with Chinese firm on national security grounds

** Canadian construction company’s shares down 13.8 pct at C$14.91, set for their worst day in nearly 1-1/2 years

** Canada blocks the proposed takeover of Aecon by overseas investment and financing arm of China Communications Construction Co Ltd on national security grounds

** Aecon said it was disappointed with the government’s decision and was no longer pursuing a sale process

** More than 1 mln shares traded, 13.1x their 25-DMA

** Up to Wednesday’s close, Aecon’s stock had fallen 13 pct this year (Reporting by Laharee Chatterjee in Bengaluru)

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