Contrarian Corpus
Starboard Value vs. AECOM

AECOM · ACM

1 deck published between 2019-06-20 and 2019-06-20 — 9 pages, 0 analysed slides total.

initial thesis

Timeline

Each deck in chronological order — click to open. This is the story of the campaign as it unfolded.

  1. 2019-06-20 initial thesis

    2019 06 Starboard_Value_LP_Letter_to_ACM_CEO_and_Board_06.20.2019

    9pp · letter

    AECOM is a collection of under-integrated franchises; a Jacobs-style operational overhaul plus outright sales of MS and CS can close a 5.3x multiple discount to peers.