October 10, 2018 / 4:59 PM / 6 days ago

BUZZ-SNC-Lavalin: Slips after Canada refuses deal related to bribery charges

** Canadian construction and engineering co’s shares plunge 14.8 pct to C$44.17, lowest in more than 2-1/2 yrs

** Co says Canada’s federal govt. has refused to negotiate a remediation deal related to bribery charges at its Libyan operations filed in 2015

** A deal with the govt. could have helped SNC defer prosecution in exchange for fines and cooperation

** More than 870,000 shares traded, 3.2x of 30-day moving avg

** Including Wednesday’s losses, stock had fallen ~22.6 pct this year (Reporting by Debroop Roy in Bengaluru)

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