URS Corp. Merger Litigation (NYSE: URS)
SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of
URS Corp. in Connection with the Sale of the Company -URS
BALA CYNWYD, July 18, 2014 /PR Newswire/ –Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of URS Corp. (“URS” or the “Company”) (NYSE –URS -News) relating to the proposed acquisition by AECOM Technology Corporation. (“AECOM”).
Under the terms of the transaction, URS shareholders will receive only 0.734 of a share of AECOM common stock and $33.00 in cash for each share of URS stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of URS for not acting in the Company’s shareholders' best interests in connection with the sale process. The transaction may undervalue URS as an analyst has placed a $65.00 per share price target on URS stock. In addition, on May 13, 2014, URS released its earnings for the first quarter of 2014, reporting strong revenue of $2.5 billion.
If you own shares of URS common stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and case action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
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