Jana’s Quick Turnaround with URS

The activist firm only recently invested in the engineering company, but its demands were quickly met — a scenario that is seemingly becoming a trend in activist investing.


Well that was quick.

Less than three weeks after New York-based hedge fund firm Jana Partners disclosed an activist stake in URS Corp. -- a provider of engineering, construction, and technical services for government agencies and companies -- URS announced it had worked out a compromise agreement with Jana that in part resulted in the nomination of four new independent directors, effective March 27, 2014.

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