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Stock impact report

Investors favour companies with post-pandemic growth plans [Toronto Globe and Mail (Ontario, Canada)]

AECOM (ACM) 
Last aecom earnings: 2/3 06:55 am Check Earnings Report
US:NYSE Investor Relations: investors.aecom.com/mobile.view?c=131318
Investors favour companies with post-pandemic growth plans Before the novel cononavirus put an abrupt end to business as usual this spring, Alexandre L’Heureux was working on the biggest deal of his career. In January, the chief executive at Montreal-based engineering company WSP Global Inc. was reportedly holding takeover talks with Los Angeles-based rival Aecom, a deal that could have come with a US$7-billion price tag. The pandemic scuppered any courtship – neither side confirmed negotiations, but Aecom is facing activist pressure to sell itself or some of its business units. Mr. L’Heureux’s priorities shifted to ensuring his company’s 50,000 employees could work safely while helping clients, including Canadian and British hospitals that needed temporary wards, and the U.S. Postal Service, which is using WSP’s decontamination and disinfection services. This month, Mr. L’Heureux signalled he’s once again focused on expansion, raising $572-million in a share sale backed by two of Can Show less Read more
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