Fool me once, shame on you. Fool me twice� well, you know how it goes. SNC-Lavalin Group Inc. (TSX: SNC) hit investors on the head with a shovel again on November 6 when it announced plans to slash 4,000 jobs, or about 9% of its staff.
MONTREAL - Once a jewel of the Quebec business establishment, SNC-Lavalin Group Inc. now stands criminally accused of fraud and corruption after the RCMP announced charges against the engineering giant Thursday.
Underneath the fraud and bribery allegations dogging SNC-Lavalin Group Inc. is a �stunningly cheap� stock that could turn the company into takeover bait, analysts and shareholders say, possibly even attracting Warren Buffett.
Investors cheered another senior management overhaul at SNC-Lavalin Group Inc., even as analysts warned some of the executive departures point to continued turmoil at the embattled construction and engineering firm.
A major shareholder of SNC-Lavalin Group Inc. said the company should have fired its general counsel for allowing its legal troubles to escalate, and that SNC should consider breaking itself up if it ends up going to trial related to its Libyan operations.