{"id":2568,"date":"2018-03-28T08:53:53","date_gmt":"2018-03-28T12:53:53","guid":{"rendered":"http:\/\/lifeinsurance-orleans.ca\/Life-Insurance-Blog\/?guid=d99ff9117d15cdac4570965414815e26"},"modified":"2018-03-28T08:53:53","modified_gmt":"2018-03-28T12:53:53","slug":"aecon-extends-deadline-to-complete-ccci-deal-as-federal-review-continues","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2018\/03\/28\/aecon-extends-deadline-to-complete-ccci-deal-as-federal-review-continues\/","title":{"rendered":"Aecon extends deadline to complete CCCI deal as federal review continues"},"content":{"rendered":"<p>TORONTO &#8212; Aecon Group Inc. is extending the deadline to complete its deal to be acquired by a Chinese state-owned business as Ottawa continues its national security review of the agreement.<\/p>\n<p>The company, which had faced a deadline of Friday, now has until July 13 to close the deal.<\/p>\n<p>The federal government notified the company last month it was stepping up its national security review of the proposed takeover.<\/p>\n<p>The $1.5 billion takeover of Aecon by CCCC International Holding Ltd. (CCCI) has come under criticism from a number of sources, including Conservative member of Parliament Tony Clement, a former industry minister.<\/p>\n<p>Government approval under the Investment Canada Act is the last major hurdle that Aecon must clear to close the deal.<\/p>\n<p>The company has already received approval from the Competition Bureau, Aecon shareholders and the Chinese government.<\/p>\n<p>Companies in this story: (TSX:ARE)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TORONTO &mdash; Aecon Group Inc. is extending the deadline to complete its deal to be acquired by a Chinese state-owned business as Ottawa continues its national security review of the agreement. The company, which had faced a deadline of Friday, now has until July 13 to close the deal. The federal government notified the company [&hellip;]<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/2568"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=2568"}],"version-history":[{"count":1,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/2568\/revisions"}],"predecessor-version":[{"id":2569,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/2568\/revisions\/2569"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=2568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=2568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=2568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}