Starboard Delivers Letter to AECOM CEO and Board of Directors

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Believes AECOM Is Deeply Undervalued and Significant Opportunities Exist to Unlock Value Through Operational and Strategic Initiatives Views AECOM's Announced Intention to Separate its Management Services Segment as a Positive First Step but Believes an Expansive and Open-Minded Strategic Review of the Company's Assets is Necessary Looks Forward to Engaging with Management and the Board on Opportunities to Drive Value for the Benefit of All Shareholders

June 20, 2019 7:30 AM EDT

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Price: $65.04 --0%

Overall Analyst Rating:
SELL (= Flat)

Dividend Yield: 1.8%

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NEW YORK, June 20, 2019 /PRNewswire/ -- Starboard Value LP (together with its affiliates, "Starboard"), one of the largest shareholders of AECOM (NYSE: ACM) (the "Company"), with an ownership interest of approximately 4.0% of the Company's outstanding shares, today announced that it has delivered a letter to Michael Burke, AECOM's Chairman and Chief Executive Officer, with copies to the Company's Board of Directors (the "Board").

The full text of Starboard's letter to the CEO and Board can be viewed at the following link:

http://www.starboardvalue.com/wp-content/uploads/Starboard_Value_LP_Letter_to_ACM_CEO_and_Board_06.20.2019.pdf

About Starboard Value LPStarboard Value LP is a New York-based investment adviser with a focused and differentiated fundamental approach to investing primarily in publicly traded U.S. companies. Starboard invests in deeply undervalued companies and actively engages with management teams and boards of directors to identify and execute on opportunities to unlock value for the benefit of all shareholders.

Investor contacts:Peter Feld, (212) 201-4878Gavin Molinelli, (212) 201-4828www.starboardvalue.com

View original content:http://www.prnewswire.com/news-releases/starboard-delivers-letter-to-aecom-ceo-and-board-of-directors-300871991.html