AECOM announces intent to spin off its industry-leading government services business
AECOM (ACM)
Last aecom earnings: 2/3 06:55 am
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Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)-- AECOM (NYSE:ACM), a premier, fully integrated global infrastructure firm, today announced that its Board of Directors has unanimously approved a plan to pursue a spin-off of the Company’s Management Services segment into a leading, standalone government services company. The transaction is currently expected to be completed in the second half of fiscal 2020. Strategic & Financial BenefitsAs standalone entities, both AECOM and the government services business are expected to benefit from: Strong management teams with a honed focus on their respective businesses and capital structures optimized to the unique characteristics of each business. Added long-term financial flexibility to invest in each business’s strategic growth priorities, and to allocate capital to the best and highest use. Separate boards of director
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ACM
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- 3/21/24 - Form 4
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