Aecom accelerates value creation strategy with sale of management services business for $2.405 billion

Accelerates value creation strategy with sale of its management services business for $2.405 billion.expects fiscal 2019 adjusted eps $2.75.sees fiscal 2020 adjusted ebitda guidance of between $1,040 million and $1,080 million.entered agreement for sale of its ms business to affiliates of american securities llc and lindsay goldberg.sees to achieve its fiscal 2019 guidance for free cash flow of at least $600 million.fy2019 earnings per share view $2.77 -- refinitiv ibes data.fy2020 earnings per share view $3.30 -- refinitiv ibes data.included in purchase price for deal is contingent purchase price of approximately $150 million.
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