Termination of HSR Waiting Period, Acquisitions, Technical Updates, New Offerings, and Upcoming Conferences - Analyst Notes on URS, Priceline, AECOM, ADT and Jacobs
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NEW YORK, July 17, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding URS Corp (NYSE: URS), Priceline Group Inc (NASDAQ: PCLN), AECOM Technology Corp (NYSE: ACM), ADT Corp (NYSE: ADT) and Jacobs Engineering Group Inc (NYSE: JEC). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/4880-100free.
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URS Corp Analyst Notes
On July 14, 2014, stocks of URS Corp (URS) gained 12.26% to close trading at $58.40 per share. Over the past five trading sessions, URS' stocks increased 15.14% compared to the S&P 500 which dropped 0.42% over the same trading period. The full analyst notes on URS are available to download free of charge at:
http://www.analystsreview.com/Jul-17-2014/URS/report.pdf
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Priceline Group Inc Analyst Notes
On July 8, 2014, Priceline Group Inc (Priceline), together with OpenTable, Inc, announced the early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR) with regards to Priceline's proposed acquisition of OpenTable. The waiting period was scheduled to expire 11:59 p.m. New York Time on July 7, 2014 but was terminated early July 7, 2014 by the U.S. Federal Trade Commission. According to Priceline, the termination of the HSR waiting period satisfies one of the conditions to consummate the tender offer, which is scheduled to expire a minute after 11:59 p.m., New York City time on July 23, 2014, unless the tender offer is extended or earlier terminated in accordance with the rules and regulations of the United States Securities and Exchange Commission (SEC) and the merger agreement governing such offer and the related transactions. The full analyst notes on Priceline are available to download free of charge at:
http://www.analystsreview.com/Jul-17-2014/PCLN/report.pdf
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AECOM Technology Corp Analyst Notes
On July 13, 2014, AECOM Technology Corp (AECOM) announced that it has entered into a definitive agreement with URS Corp, wherein AECOM will acquire all outstanding shares of URS for a combination of cash and stock valued at c.$4 billion or $56.31 per URS share, based on the AECOM closing share price as of July 11, 2014. As per the terms of the agreement, URS stockholders will receive per share consideration of $33.00 in cash and 0.734 shares of AECOM common stock for each URS share. URS stockholders may elect to receive all cash or all stock consideration, subject to proration in the event of oversubscription. Michael S. Burke, AECOM President and CEO commented, "This combination creates an industry leader with the ability to deliver more capabilities from a broad global platform to reach more clients in more industry end markets. Clients, employees and stockholders of both companies will benefit from the opportunities created by these expanded capabilities, broad global reach in key growth markets and economies of scale. In one step, we will dramatically accelerate our strategy of creating an integrated delivery platform with superior capabilities to design, build, finance and operate infrastructure assets around the world." The total enterprise value of the transaction is c.$6 billion and is expected to close in October 2014. The full analyst notes on AECOM are available to download free of charge at:
http://www.analystsreview.com/Jul-17-2014/ACM/report.pdf
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ADT Corp Analyst Notes
On July 10, 2014, ADT Corp (ADT) announced the introduction of its Food and Beverage Solutions Bundle as part of its strategic plan to deliver customized security and automation solutions to address the most common needs and concerns of business owners within a particular industry. According to ADT, the new Food and Beverage Solutions Bundle aims to help solve the most pressing issues that keep restaurant and bar owners up at night - from food safety and energy usage, to the safety of their customers and employees, and the security of their cash and other assets. ADT informed that the Food and Beverage Solutions Bundle addresses key security and productivity concerns across the food service industry like the need to: Increased food safety and standards; Remotely monitor and control and; Efficiently protect customers and inventory. Luis Orbegoso, President of ADT Small Business, said, "With the increased threats faced by the food and beverage industry, ranging from food spoilage to sweethearting and inventory theft, our latest offering addresses these concerns head-on, and meets the specific needs of our customers in the food service business." The full analyst notes on ADT are available to download free of charge at:
http://www.analystsreview.com/Jul-17-2014/ADT/report.pdf
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Jacobs Engineering Group Inc Analyst Notes
On July 10, 2014, Jacobs Engineering Group Inc (Jacobs Engineering) has scheduled to release its Q3 FY 2014 earnings results after the market closing on Monday, July 28, 2014. The Company will also host a conference call to discuss the results on Tuesday, July 29, 2014 at 11:00 a.m. ET, in which the management will make a brief presentation focusing on the Jacob Engineering's results, strategies and operating trends. Interested parties may access the conference call by logging on to Jacobs Engineering's website. The full analyst notes on Jacobs are available to download free of charge at:
http://www.analystsreview.com/Jul-17-2014/JEC/report.pdf
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