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Aecom acquires URS in deal valued at $6B

Jul 14, 2014 - The Deal Pipeline
Mergers and Acquisitions

Engineering firm Aecom Technology Corp. on Sunday announced plans to acquire rival URS Corp. in a cash, stock and assumed debt deal valued at $6 billion.

Terms of the deal call for Los Angeles-based Aecom to pay $56.31 in cash and stock for URS, a premium of 8% over the target's Friday close and 19% above its trailing 30-day average close. URS holders will receive $33 in cash and 0.734 shares of Aecom, and have the option to elect either all cash or all stock subject to conditions.

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