SNC-Lavalin buys Atkins for C$3.6bn
Merger will create a C$12.1bn company
Merger will create a C$12.1bn company
Follows rejection of two PPG Industries bids
Completed tender offer for Wako on 3 April
Moves to mollify shareholder pressure
Atkins board ‘prepared to recommend’ offer
Pipeline links directly to INEOS’ Grangemouth site
Deal is necessary to gain EU approval for Dow merger
Downfall follows cost overruns at US plants
Bid not in shareholders’ interests
Continues strategy of selling mature assets
Proposal ‘fails to reflect’ company’s value
Deal worth an estimated £1.35bn
Combined company will be worth around £5bn
Still operator of Scotford upgrader and CCS project
US conglomerate will use funds for merger
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