Tripp Levy PLLC investigating the acquisition of URS Corp. on behalf of its shareholders
July 14, 2014
New York, New York
Tripp Levy PLLC, a leading national securities and shareholder rights law firm, has announced that it is investigating the acquisition of URS Corp. (NYSE: URS) on behalf of investors. AECOM Technology Corporation and URS Corporation today announced the execution of a definitive agreement under which AECOM will acquire all outstanding shares of URS for a combination of cash and stock valued at approximately $4 billion or $56.31 per URS share, based on the AECOM closing share price as of July 11, 2014. URS stockholders will receive per share consideration equal to $33.00 in cash and 0.734 shares of AECOM common stock for each URS share.
The investigation concerns whether the senior management and board of directors of URS engaged in a full and fair auction and process to insure that shareholders received the maximum value for their shares, and whether the price of $56.31 is unfairly low. Indeed, the price is a fraction above the company’s book value per share ($55.35) and is below what the stock was trading at the day prior to the announcement ($56.70 per share).
Tripp Levy PLLC and its affiliates have recovered billions of dollars for shareholders in securities actions across the nation. Attorney advertising. Prior results do not indicate a similar outcome.