Aug. 4, 2014, 8:18 AM
- Pike Corp. (NYSE:PIKE) +47.6% premarket after agreeing to be acquired in a deal led by Pike Chairman/CEO J. Eric Pike and Court Square Capital Partners that values the provider of construction and engineering services for electric utilities at ~$383M.
- The $12/share price represents a ~51% premium over the Aug. 1 closing price and a ~39% premium over the 30-day volume-weighted average closing prices.
Pike Corp provides construction and engineering services for investor-owned, municipal and co-operative electric utilities in the United States. The Company operates in two business segments: Construction and Engineering.
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