MONTREAL ― SNC-Lavalin Group Inc. shares shot up Tuesday after the Liberal election win left open the possibility of a plea deal on fraud and corruption charges against the engineering firm. The beleaguered company’s shares were up than 14 per cent or $2.50 at $20.18 in mid-afternoon trading, buoyed by investor hopes that the Liberal refusal to close the door on a deferred prosecution agreement will play out to SNC-Lavalin’s advantage ahead of a criminal trial. “It’s good for SNC,″ said Prof. Karl Moore of McGill University’s Desautels Faculty of Management said of the return of a Liberal federal government led by Prime Minister Justin Trudeau. “I think the market sees it, not unreasonably, that they are in better shape than if the Conservatives had come in.″Watch: SNC-Lavalin’s long and dirty history with corruption allegations. Story continues below.

Source: Huffington Post October 22, 2019 18:16 UTC