NEW YORK, July 14, 2014 /PRNewswire/ --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).
If you are a shareholder of URS and would like additional information as to how the acquisition may affect your rights as a shareholder, please call us at no cost at:
Tripp Levy PLLC
New York, New York
Toll free: 800-511-7037
Tripp Levy PLLC represents individual and institutional shareholders and, along with its affiliates, has recovered billions of dollars for shareholders in similar actions around the globe. Tripp Levy PLLC is affiliated with the law firm Milberg LLP. Attorney advertising. Prior results do not indicate a similar outcome.
SOURCE Tripp Levy PLLC