SNC-Lavalin CEO says Elliott's stake not an "obstacle" to Atkins deal: Reuters

SNC-Lavalin CEO Neil Bruce said Elliott Capital Advisors' stake in WS Atkins is not an "obstacle" to buying the British engineering and construction company, after the U.S. hedge fund disclosed a 6.8 percent shareholding last week, Reuters reported. Elliott said in a filing that it acquired the stake in a contracts-for-difference deal on April 21, the day after Atkins agreed to be acquired by the Canadian construction and engineering group. Bruce said SNC still plans to close the deal around the end of July.

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