00:55:34 EDT Tue 19 Mar 2024
Enter Symbol
or Name
USA
CA



Aecon Group Inc
Symbol ARE
Shares Issued 59,692,065
Close 2018-04-23 C$ 18.02
Market Cap C$ 1,075,651,011
Recent Sedar Documents

Globe says Aecon transaction gets support from insiders

2018-04-24 08:23 ET - In the News

The Globe and Mail reports in its Tuesday edition that the government is considering whether the proposed sale of Aecon to Chinese state-owned CCCC International Holding is in our country's best interests. Guest columnists Brian Tobin and Michael Wilson -- insiders to the Aecon takeover -- write that the feds should give careful consideration to this transaction. The two support it not only because it is sound financially, but also because they both see significant net benefits to Canada from the deal. If the transaction is approved, Aecon will continue to be headquartered in Canada, doing the same high-quality work on which it has built its reputation. That is good for the Canadian employees who will build infrastructure projects -- and probably why Aecon's people, including all its major unions, support the sale. In fact, the transaction will deliver long-term benefits to Aecon's stakeholders for years to come, by providing Aecon with access to capital and additional capabilities that will enable the company to take on more and larger projects, create jobs and assume more risk. National security must always be Canada's primary consideration. However, Aecon is a construction company, not a technology company.

© 2024 Canjex Publishing Ltd. All rights reserved.