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Aecom To Spin Off Management Services Unit

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Aecom (NYSE: 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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