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Why Stantec Stock Jumped Double Digits This Week

·2 min read
Why Stantec Stock Jumped Double Digits This Week
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Global design, engineering, and project management company Stantec (NYSE: STN) was already having a solid year before its stock hit new, all-time highs this week. The recent catalyst was the announcement of an acquisition that will significantly grow the company's North American consulting business for environmental services. Stantec is purchasing the North American and Asia-Pacific engineering and consulting assets from professional infrastructure and environmental services company, Cardno Limited.