NS&D Monitor
9/19/2014
IN THE INDUSTRY
All pending legal challenges to AECOM’s planned acquisition of URS have been dismissed, according to a URS filing with the Securities and Exchange Commission this week. Beginning in late July, seven class action lawsuits were filed against the planned acquisition, and by Aug. 5, six of the suits had been voluntarily dismissed, according to the filing. On Sept. 3, the plaintiffs in the last pending case—Sheet Metal Workers Local No. 33 Cleveland District Pension Plan v. URS Corp—also filed a notice of voluntary dismissal. AECOM and URS expect to complete the acquisition in October, with the new combined company to begin operations in early 2015.
ON THE INTERNATIONAL FRONT
The United Kingdom’s nuclear deterrent is set to remain in Scotland as Scottish voters late this week decided against breaking away from the UK and establishing a separate country. By a margin of 55.3 to 44.7 percent, Scottish voters decided Sept. 18 to remain part of Great Britain. The UK’s four Trident II-capable Vanguard-class submarines are currently housed at Her Majesty’s Naval Base, Clyde, in western Scotland.
