Investigation of URS Corporation
Smithtown, New York – July 14, 2014
The Law Office of Jack Stuart Beige & Associates, PC, announces it is investigating the Board of Directors of URS Corporation (NYSE: URS) for possible breaches of fiduciary duties and other violations of law in connection with URS Corporation’s agreement to be acquired by AECOM Technology Corporation (NYSE: ACM) (“AECOM”) in a transaction valued at approximately $4 billion.
Under the terms of the agreement, public shareholder of URS Corporation (“URS”) would receive $33.00 in cash and 0.734 shares of AECOM for each share of URS they own.
The investigation concerns whether URS’s Board of Directors breached its fiduciary duties to stockholders, whether the proposed consideration to be paid to URS’s stockholders would be fair and adequate, and whether URS is acting in its stockholders’ best interests.