Construction and Engineering

Starboard urges AECOM to explore strategic options

Jeffrey Smith, Starboard Value
David Grogan | CNBC

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.