根据金融新闻服务报告和对谈判的知识,COVID-19危机结束了行业巨头WSP Global Inc.与AECOM之间的合并讨论。

大流行造成的财务不确定性停止了创建新的大型公司的推动力。

In a March 24 report, online financial news service Dealreporter stated that "talks ... about a potential merger are said to have fallen apart," based on intelligence from two sources, who were not named. The report was subsequently cited by Bloomberg and other financial websites.

《洛杉矶商业杂志》还于3月24日报道说,这笔交易“被淘汰了”。

In a statement, AECOM said that 'at the request' of its board of directors, Chairman and CEO Michael S. Burke 'has agreed to extend his tenure until the company's CEO search is complete.'

The two design-focused companies declined to comment on the status of any deal discussions, as they have since rumors of a combination开始浮出水面late last year. The link was set to create a 100,000-person company, although it was not clear if it was an acquisition by WSP or a 50-50 merger.

但是,根据一位与交易讨论有关的行业主管的说法,假设最初的COVID-19很清楚,就可以在夏季恢复谈判。

The firm said on April 3 a "temporary" 20% salary cut, with no duration stated, for board directors, "the executive leadership team and other senior leaders."

Aecomalso said it was "keeping teams intact as response moves to recovery," citing a "strong financial foundation and substantial liquidity position" from the sale of its management services business for about $2.4 billion in a deal that closed Jan. 31.

该公司将于5月5日报告是第二季度的结果。

Los Angeles-based AECOM is traded on the New York Stock Exchange, and Montreal-based WSP on the Toronto exchange.

一位具有交易知识的行业高管告诉ENR,一位行业高管告诉ENR,“进行了重大和详细的讨论,双方都有浓厚的兴趣,但是他们目前无法找到解决方法。”新利luck“据我了解,意图是让WSP管理层领导合并后的公司。”

CEO Mike Burke Stays On

In a statement, AECOM said that "at the request" of its board of directors, Chairman and CEO Michael S. Burke "has agreed to extend his tenure until the company’s CEO search is complete,” with no end date provided. He had been set to retire at month's end based on a company announcement last year.

自从2014年和2015年担任最佳职务以来,伯克已将AECOM建立为一支20亿美元的收入巨头,但激进公司的投资者Hedge Fund Starboard Value LLP最近推动了管理层以提高下跌利润。

在4月2日关闭时,AECOM的股价为27.53美元,低于2月的峰值约52美元。WSP股票在3月27日收于每股52.00美元。

According to one industry observer who declined to be identified, AECOM's earnings "languished despite a growth-potential environment," since its acquisition of URS Corp., a $4-billion deal announced in mid-2014.

R.W. Baird的主要建筑部门分析师Andrew Wittmann告诉ENR,随着COVID-19的不确定性引起的增加股价回旋,“银行对在不确定时期赚钱感到紧张”。新利luck

Burke will remain in his roles, under a month-to-month contract. The company had announced last year that he would retire when a successor was named or after the firm's March 10 annual meeting. Burke's continued arrangement was noted in a March 12 AECOM filing to the U.S. Securities and Exchange Commission that stipulated his salary continuation and "incentive retention award payment."

观察家推测,他决定留在公司的决定是一个暗示,首席执行官更换的计划由于待处理的会谈而被搁置。

新的董事会面孔

该文件还指出了新AECOM董事会董事的股东批准,包括CH2M前首席执行官Jacqueline Hinman,直到2017年出售给Jacobs;还有另一位前CH2M高管罗伯特·卡(Robert Card),他从2012年至2015年领导蒙特利尔设计建造公司SNC Lavalin Group Inc.,此前其前首席执行官在涉嫌贿赂计划浮出水面后被罢免。

Resigning from AECOM's board is William H. Frist, a former U.S. Senator and physician. Burke was named to fill the Frist vacancy, says the filing. He will serve as chairman until "completion of the [CEO] succession search process."

维特曼以前曾推测,辛曼(Hinman)和卡(Card)也是AECOM的首席执行官候选人。They received the largest two vote totals from shareholders among new and re-elected directors, according to the March 12 filing.

But one industry executive said that Card is not a candidate because he was on the search committee.

Hinman "had tough going at CH2M but made good decisions to create value and a strong outcome for shareholders," said Wittmann.

尚不知道还有谁被视为最高角色,包括可能的非行业候选人。分析师说:“ AECOM需要有人让员工参与其中。”

他推测,在接下来的几个月中,由于流行病产生的不确定性,“公司将在可预见的未来作为独立执行”,但他补充说:“没有任何交易完全死了。门仍然开放,尽管没有人走过任何人,时间很快。”

WSP负责人亚历山大·拉赫鲁克斯(Alexander L'Heureux)在2月27日的季度收益呼吁中说:“很难计算大型收购。”

AECOM拒绝讨论与病毒相关的人员处理更改,但在一份声明中说,“暂时停止所有非必要的商务旅行,在可能的情况下实现远程工作环境,并增强我们的办公室清洁程序和运营最佳实践”。

有更多的detaill可用这里.