Atkinsrealis Group Inc T.ATRL

Board and management

[Gabriel]

Board mandate - places interest of the company first.
Profiles are diversified and very knowledgeable including in mergers and acquisitions. These guys have contacts with Onex, Fairfax, Pershing et al and a private take-over bid is coming. FBN did an analysis of a take private deal and figured the mark up would be 45% based on industry average so you're looking at 34$, but another party might show up and offer more. The thing is shorts will run for cover and I think it will go higher and we end up likely at 36$ possibly at 38$. If you think you deserve more, then buy more at these levels.

https://www.snclavalin.com/~/media/Files/S/SNC-Lavalin/documents/governance/en/board-mandate-en.pdf

SNC was expecting to turn a nice profit on the 3 remaining LSTK contracts had it not been for COVID which completely disrupted the supply chain, reduced productivity and increased absenteeism. Everything is delayed and this is covered. Read the value investor analysis and investigation I posted and read Jeff's testimony I posted. There are substantial claims for a total of about 500m in our favor. And the worse case scenario has already been budgeted and Jeff Bell said last Friday we will be well below that figure.

All we need is simple.

[Alexcanada]

An intersting study about M&A with data from 2019 (preCovid) (including long term acquisition premium average) https://www.bcg.com/en-ca/publications/2019/mergers-and-acquisitions-report-shows-downturns-are-a-better-time-for-deal-hunting

[Gabriel]

This is the take-private analysis that I was referring to, before the settlement. https://www.dropbox.com/s/wzdc4jzioi5ya4s/Take_Private.jpg?dl=0

[finalstep]

si une vente se planifiait, Jarilowski aurait vendu? Edwards aurait vendu? Absolument pas,

[finalstep]

vendre snc pour a peine le prix de capital plus valeur de Atkins au moment de achat alors que ce dernier aurait probablement doubl en valeur.... Alors que simplement valoriser simplement en fractionnant snc et en donnant un nom different nous offrirait plus .... Alors que sans lstk nous avons de chiffres justifiant le triple du prix actuel...... Alors que le prix actuel est fictivement obtenu par

[finalstep]

voyons, un peu de logique et de raisonnement.... Vendez en morceaux distincts et observez ce que vous obtiendrai.... Le seul gagnant de vendre le tout..... Serait la caisse de depot en donnant snc a wsp dont elle est grandement actionnaire.... Et serait tout un conflit en pensant que cette derniere est sur le conseil de snc.... . L histoire ne se terminerait pas simplement.....