Canadian engineering and construction giant SNC-Lavalin Group has agreed to pay nearly $2 billion to acquire British oil and gas company Kentz Corp., which had rebuffed two other takeover attempts in recent months. Norton Rose Fulbright and a handful of Canadian firms are advising on the deal and another $511 million Canadian tie-up announced Monday.
June 23, 2014 at 03:27 PM
1 minute read
The original version of this story was published on Law.Com
UPDATE: 6/25/14, 8:45 a.m. EDT. The names of the lead lawyers from Stikeman Elliott advising SNC-Lavalin have been added to the fifth paragraph of this story.
Canadian engineering and construction giant SNC-Lavalin Group has agreed to pay $1.97 billion in cash and pick up key energy industry clients such as Chevron and Royal Dutch Shell by acquiring British oil and gas engineering company Kentz Corp., which had rebuffed two other takeover attempts in recent months.
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