Aecom To Spin Off Management Services Unit

Aecom ACM plans to spin off its management services business in the second half of 2020.

Aecom is an engineering firm and in 2018 the company’s management services generated $3.7 billion revenue and $239 million of adjusted income.

Aecom shares were trading up 1.8% at $34 in Monday's pre-market session. The stock has a 52-week range between $35 and $24.83 per share.

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