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Aecom Could Face Repeat Board Fight With Activist Starboard

BNN Bloomberg

(Bloomberg) -- Aecom’s standstill agreement with activist investor Starboard Value expires next week, setting the stage for a potential boardroom battle at the engineering services firm for a second year in a row. The New York-based hedge fund, which owns a roughly 3.7% stake in Aecom, butted heads with the company in June over the appointment of new Chief Executive Officer Troy Rudd. The dispute resulted in Starboard Managing Member Peter Feld resigning from the board in protest...

Mentions: Hedge Fund stake Bloomberg