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    Aecon shares jump on rich bid for Flint

    Ottawa Citizen – Wed, 22 Feb, 2012

    Shares in Aecon Group and other Canadian construction companies surged on Tuesday on investor hopes they could become takeover targets after news that competitor Flint Energy Services would be bought at a steep premium. Shares in Aecon leaped nearly nine per cent after Flint and U.S.based URS Corp. said on Monday - when both Canadian and U.S. stock markets were closed - that URS would buy the Canadian oilpatch construction group for about $1.25 billion, a 68-per-cent premium to Flint's latest closing share price.

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