Four months after URS Corp. agreed to an activist investor’s demand for a reshaped board and new strategic options to boost its share price, the firm is set to be acquired by AECOM.
The deal, worth about $6 billion in cash, stock and assumed debt, would keep URS in tact.
The firms, which announced the transaction on July 13, said it would create the latest global giant, particularly in oil & gas, power and government services, with more than $19 billion in revenue and 95,000 employees in 150 countries.