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| Washington Group says Glass Lewis recommends vote for URS merger Washington Group International announced that Glass Lewis, a leading independent proxy advisory firm, recommended that Washington Group stockholders vote in favor of the proposed acquisition of Washington Group by URS Corporation. Washington Group stockholders should vote promptly so that their votes can be counted at the company's Oct. 30, 2007, Special Meeting of Stockholders. Under the terms of the merger agreement, as announced on May 28, 2007, Washington Group stockholders will receive $43.80 in cash and 0.772 shares of URS common stock for each Washington Group share. Washington Group noted that due to the equity component of the merger consideration, the implied value for Washington Group stockholders has increased by approximately $12 per share, or 15%, since the announcement of the merger agreement. Washington Group recommends that all of its stockholders vote "for" the proposed merger with URS. write your comments about the article :: © 2007 Construction News :: home page |