SNC-Lavalin Shares Soar After Trudeau Win
MONTREAL ― SNC-Lavalin Group Inc. shares shot up Tuesday after the
Liberal election win left open the possibility of a plea deal on fraud
and corruption charges against the engineering firm.
Liberal election win left open the possibility of a plea deal on fraud
and corruption charges against the engineering firm.
The
beleaguered company’s shares were up than 14 per cent or $2.50 at $20.18
in mid-afternoon trading, buoyed by investor hopes that the Liberal
refusal to close the door on a deferred prosecution agreement will play
out to SNC-Lavalin’s advantage ahead of a criminal trial.