Oct 26 (Reuters) - Aecon Group Inc
* Aecon Group agrees to be acquired by CCCI for $20.37 per share
* Aecon Group Inc - deal for $1.51 billion
* Aecon Group Inc - board of directors of aecon has unanimously recommended this transaction.
* Aecon Group Inc - termination payment of $75 million will be payable by CCCI to Aecon should transaction not close in certain circumstances
* Aecon Group Inc - transaction is culmination of sale process conducted by aecon and disclosed on August 25, 2017
* Aecon Group Inc - each director and senior officer of Aecon has agreed to support and vote their shares in favour of arrangement resolution
* Aecon Group Inc - transaction is not subject to any financing condition.
* Aecon Group Inc - transaction will be implemented by way of a statutory plan of arrangement under canada business corporations act
* Aecon-if merger is terminated in certain circumstances, including if co enters into another agreement , ccci is entitled to termination fee of $50 million
* Aecon Group Inc - agreement between CCCI and Aecon provides for, among other things, a non-solicitation covenant on part of aecon
* Aecon Group Inc - Aecon will retain its name, continue to be Canada-headquartered and led by its Canadian management team Source text for Eikon: Further company coverage: ( Bangalore.email@example.com )