This translation has been automatically generated and has not been verified for accuracy.SNC-Lavalin Group Inc. shares surged more than 20 per cent on Wednesday afternoon after a division of the Canadian engineering company settled criminal corruption charges in a Montreal court with a guilty plea and an agreement to pay a $280-million fine.
The reaction, which takes the stock to its highest level since May, suggests that investors are overwhelmingly upbeat about the company’s prospects now that the biggest uncertainty – which at times over the past year weighed heavily on SNC’s future – has apparently disappeared. Earlier this year, the shares traded as low as $15.47, implying that the company’s value was in its ownership stake in Ontario’s highway 407 and that its international engineering business was virtually worthless.With Wednesday’s move, though, the shares traded at $29.09 in afternoon trading, shortly after the settlement was announced.
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globebusiness A $280 million fine is nothing to them, particularly compared to what they should have recieved.
globebusiness Investors know that when the trial is over it’ll be back to business in the usual fashion.
globebusiness So, JustinTrudeau & the liberal_party caucus STILL interfered in this trial-rcmpgrcpolice STILL must investigate and bring charges against Trudeau, gmbutts, and everyone else involved. CanadahasNoPrimeMinister
globebusiness Oh, has the Quebec Pension Plan planned new investment? Fascinating.
globebusiness Of course. This was the powerful investors concern. Now all arranged in backrooms, deal made/ at last for investors, all is well in the world. Trudeau could not fix the problem, so they took over, did it themselves. Guess I should be happy, my Que work pension huge investors.
globebusiness So unemployment fears unfounded?
globebusiness How much money went to Trudeau’s trust fund being in the meadow
globebusiness What about the Quebec pension plan?
globebusiness Settles? They were charged. No settling going on here.
globebusiness Time to sell everybody. You know who you are. Phew!!!
globebusiness Hopefully, this is the end of the settlement claims and everyone has learned a lesson and move on with the value engineering as there are jobs and work at stake in the future.
globebusiness Why is Canada doing business with these traitors? JustinTrudeau
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globebusiness SNCLavalin should be prohibited from any future government contracts for the next 10 years. Libya, Montreal hospital... corruption appears to run deep.
globebusiness SNC top official found guilty.SNC settled its penal charges.Share price qstn is how come Canadian system failed to detect and block at the initial stage itself?
globebusiness The rational markets at work.
globebusiness SNC hide their profits offshore so they don’t have to pay their fair share of taxes! boycott
globebusiness Can you please check out if the DPA was used and if it came from the AG? Kind of a big deal.
globebusiness If you invested $1000 in SNC Sept 1 of this year ( ya ... 3 plus months ago ) you would have $1500 + today .... the same day they were ordered to pay a Perry $280 million fine
globebusiness SNC Lavelin pleads guilty to a fraud charge and will pay a $280 million fine, instead of having a full trial. Too bad, I’m sure evidence given if the trial had proceeded would have shown the Liberal Party was a little too cozy with SNC
globebusiness 🤣🤣🤣🤣
globebusiness Any update on the multiple rcmpgrcpolice investigations into the PMs corruption regarding SNC-Lavalin ?
globebusiness “Hey Justin. BUY. “Click”