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Company News

Starboard urges AECOM to explore strategic options

June 20 (Reuters) - Activist investor Starboard Value on Thursday urged construction and engineering firm AECOM to consider a strategic review of its assets, saying that its businesses were deeply undervalued.

AECOM on Monday said it intends to spin off the company’s management services unit.

Starboard, which holds a 4% stake in the company, said a sale of the management services unit was more preferable. (Reporting by Debroop Roy in Bengaluru; Editing by Shailesh Kuber)

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