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URS Corp. (URS) Has Climbed To A 7-Month High After Acquisition

URS Corp. (URS: Quote) announced on Monday that it agreed to acquire Flint Energy Services for C$25.00 per share in cash, approximately C$1.25 billion. The transaction is expected to close in the second quarter and to be accretive to URS' 2012 GAAP earnings.

URS Corp. gapped up sharply Tuesday morning and is currently higher by 2.23 at $45.14. The stock has has risen above a 2 1/2 week range and has set a 7-month high.

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by RTT Staff Writer

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