NEW YORK (TheStreet) -- Shares of SNC-Lavalin Group Inc. (SNCAF) are surging, up 7.53% to $48.42, after the Montreal-based international engineering and construction company announced it was selling its 100% interest in AltaLink, Alberta's largest regulated electricity transmission company, to Berkshire Hathaway Energy (BRK.A - Get Report) for about $3.2 billion.Must Read: Warren Buffett's 10 Favorite Growth StocksSTOCKS TO BUY: TheStreet's Stocks Under $10 has identified a handful of stocks that can potentially TRIPLE in the next 12-months.Learn more.
Why SNC-Lavalin Group (SNCAF) Stock Is Surging Today
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts