WILMINGTON, Del., July 15, 2014 (GLOBE NEWSWIRE) -- Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against the Board of Directors of URS Corp. ("URS" or the "Company") relating to the sale of the Company to AECOM Technology Corporation ("AECOM"). On July 13, 2014, the two companies announced the signing of a definitive merger agreement pursuant to which AECOM will acquire URS in a merger valued at roughly $4 billion. As a result of the merger, URS shareholders are only anticipated to receive $33.00 per share in cash and 0.734 shares of AECOM stock in exchange for each share of URS. The total consideration URS shareholders are expected to receive is $56.31 per share.
Our Firm's investigation has so far uncovered that the consideration that URS shareholders are expected to receive is inadequate. Based on AECOM's closing price on July 11, 2014 of $31.76 per share, URS shareholders are expected to receive no premium for their shares. The 0.734 exchange ratio also appears to restrict the value that URS are expected to receive by exposing URS shareholders to the volatility of AECOM's share price. Following the closing of the merger, URS shareholders are expected to be significantly diluted owning only 35% of AECOM.
If you own shares of URS and want to receive additional information and protect your investments free of charge, please visit us at http://www.andrewsspringer.com/cases-investigations/urs or contact Craig J. Springer, Esq. at firstname.lastname@example.org, or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – www.twitter.com/AndrewsSpringer or Facebook - www.facebook.com/AndrewsSpringer for future updates.
Andrews & Springer is a boutique securities class action law firm representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty or corporate misconduct. Having formerly defended some of the largest financial institutions in the world, our founding members use their valuable knowledge, experience, and superior skill for the sole purpose of achieving positive results for investors. These traits are the hallmarks of our innovative approach to each case our Firm decides to prosecute. For more information please visit our website at www.andrewsspringer.com. This notice may constitute Attorney Advertising.