URS is deciding if its desire to acquire U.K.-based engineering firm Scott Wilson Group plc is strong enough to further sweeten its buyout offer to match a $285.5 million counteroffer made June 28 by CH2M Hill. URS, based in San Francisco, said on June 29 that it is “considering” boosting a $242-million bid to match, but provided no other detail. But at least one financial expert believes the price could continue to rise since both prospective buyers have enough ready capital and have been aggressive in the past in making acquisitions. “Both firms appear to have room before the deal
The 2016 Summer Olympics boating and swimming events have put an international spotlight on what has been a long-running problem in Rio de Janeiro—untreated sewage and trash are clogging up major bays and waterways.