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| SNC-Lavalin, TransAxio announce withdrawal of public offering SNC-Lavalin Group Inc. (TSX:SNC) and TransAxio Highway Concession Inc. announced that, due to current adverse market conditions, TransAxio will not be proceeding with its previously announced initial public offering of subscription receipts. In connection with the decision not to proceed with the TransAxio initial public offering, SNC-Lavalin announces that it does not intend to exercise its priority right of first refusal to acquire 10% of the total issued and outstanding shares of 407 International Inc. from Cintra Infraestructuras, S.A. write your comments about the article :: © 2010 Construction News :: home page |