Updating SNC-Lavalin Group Inc. and Restaurant Brands International Inc.

Article Excerpt

SNC-LAVALIN GROUP INC. $47 (www.snclavalin.com) acquired U.K.-based Kentz Corp. for $2.1 billion in August 2014. Kentz sells engineering and construction services to oil and gas firms. The purchase is helping SNC win more contracts in the Middle East. These include a new $800-million contract to build pipelines and a processing facility for a new gas field. This deal is equal to 8% of SNC’s 2015 revenue of $9.6 billion. However, SNC’s stock could suffer if the recent rally in oil prices stalls. In addition, corruption charges related to construction projects in Libya between 2001 and 2011 add to its risk. Hold. RESTAURANT BRANDS INTERNATIONAL INC. $51 (www.rbi.com) is the world’s third-largest fast-food operator, after McDonald’s and Yum Brands, with 15,003 Burger King outlets and 4,413 Tim Hortons stores in 100 countries. Last year, its affiliate in France acquired the Quick burger chain, which has 509 locations in France, Belgium and other parts of Europe. Restaurant Brands now plans to sell…