|[August 04, 2014]
SHAREHOLDER ALERT: Brower Piven Announces The Investigation Of Pike Corporation In Connection With The Proposed Sale Of The Company To Court Square Capital Partners
STEVENSON, Md. --(Business Wire)--
The securities litigation law firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches of
fiduciary duty and other violations of state law by the Board of
Directors of Pike Corporation ("Pike" or the "Company") (NYSE: PIKE)
relating to the proposed buyout of the Company by investment firm Court
Square Capital Partners ("Court Square").
On August 4, 2014, Pike announced the signing of a definitive merger
agreement pursuant to which Court Square, in partnership with J. Eric
Pike, the Company's Chairman and Chief Executive Officer, will acquire
the Company in a transaction in which each of the Company's shareholders
will receive $12.00 in cash for each share of the Pike common tock they
The firm's investigation seeks to determine, among other things, whether
the Company's Board of Directors breached their fiduciary duties by
failing to maximize shareholder value before agreeing to enter into the
transaction, and whether Court Square is underpaying for Pike shares. In
particular, at least one analyst has set a price target for Pike stock
at $13.00 per share.
If you currently own common stock of Pike and would like to learn more
about the investigation being conducted by Brower Piven, without cost or
obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html.
You may also request more information by contacting Brower Piven either
by email at email@example.com
or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating
securities and other class action cases and have been advocating for the
rights of shareholders since the 1980s.
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