Aecon to buy Lockerbie & Hole.
The deal should help both companies cash in on the billions of dollars that will be spent in infrastructure projects in the next several years under the federal budget stimulus plan.
Per the proposed transaction, Lockerbie shareholders would get C$8 for each share, either in cash or in Aecon shares. The deal is expected to close in April.
Gordon Panas. Lockerbie chief executive, will join Aecon as chief financial officer upon completion of the deal.
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|Title Annotation:||NEWSline: Latest Industry Developments|
|Date:||Mar 1, 2009|
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