CRIMINAL CAPITALISM
Canadian engineering and construction firm SNC-Lavalin Group Inc said on Wednesday its board has formed a special committee to consider options to increase shareholder value. The company is facing fraud and corruption charges related to allegations that former executives paid bribes to win contracts in Libya under Muammar Gaddafi's regime. Shares of the company have fallen 40 percent so far this year.
The company is facing fraud and corruption charges related to allegations that former executives paid bribes to win contracts in Libya under Muammar Gaddafi's regime. Shares of the company have fallen 40 percent so far this year. The Globe and Mail reported https://www.theglobeandmail.com/business/article-snc-lavalin-weighs-breakup-amid-stock-slide on Tuesday that the company might spin out some of its businesses before a criminal case against the company ever gets to trial, a move that could include carving out British unit WS Atkins.
Canadian engineering and construction firm SNC-Lavalin Group Inc said on Wednesday its board has formed a special committee to consider options to increase shareholder value. The company is facing fraud and corruption charges related to allegations that former executives paid bribes to win contracts in Libya under Muammar Gaddafi's regime. Shares of the company have fallen 40 percent so far this year.
The company is facing fraud and corruption charges related to allegations that former executives paid bribes to win contracts in Libya under Muammar Gaddafi's regime. Shares of the company have fallen 40 percent so far this year. The Globe and Mail reported https://www.theglobeandmail.com/business/article-snc-lavalin-weighs-breakup-amid-stock-slide on Tuesday that the company might spin out some of its businesses before a criminal case against the company ever gets to trial, a move that could include carving out British unit WS Atkins.
No comments:
Post a Comment