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News Breaks | | | | December 19, 2012 | | 17:53 EDT |  | BKR | Michael Baker confirms receipt of proposal from DC Capital
Michael Baker Corporation said that it has received a letter from DC Capital Partners proposing that KS International, in which DC Capital has a controlling interest, acquire Baker at $24.25 per share in cash and is prepared to immediately negotiate and execute definitive agreements. The letter also states that DC Capital is in discussions with investment banks and other financial institutions and expects to have fully executed, underwritten financing commitments in the near future. Baker's board will review the proposal and respond in due course. | |
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| June 11, 2013 | | 11:00 EDT | | BKR | Michael Baker unit awarded contract worth $223,000
Michael Baker Engineering, an engineering unit of Michael Baker, has been chosen by the Port Authority of New York and New Jersey as a subconsultant to Jaros, Baum & Bolles, to provide hazard mitigation planning services for the World Trade Center site in New York City. The $223,000 contract will conclude in summer of 2013. The project is intended to protect all completed World Trade Center facilities from water inundation under severe exposure conditions such as storm surge and flooding. This plan is based on a complete flood risk assessment and analysis, including thorough evaluations of site-wide and project-specific vulnerabilities, flood mitigation strategies and improvement alternatives. | |
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