Deals
Aecom Technology Agrees to Buy URS for About $4 Billion
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Aecom Technology Corp. agreed to acquire URS Corp., the engineering and construction-management company targeted by activist hedge fund Jana Partners LLC, for about $4 billion, gaining new services in markets like oil and gas.
Aecom will pay the equivalent of $56.31 a share for URS in the cash-and-stock deal, or about 19 percent more than its 30-day average closing price, the companies said in a statement yesterday. Including debt, the value of the transaction would be about $6 billion. The per-share price is about 8.2 percent more than URS’s July 11 close.