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News Breaks | | | | December 26, 2012 | | 16:02 EDT |  | BKR | Crescendo Partners urges Michael Baker to sell company after CEO departure
Crescendo Partners, a shareholder of Michael Baker Corporation, announced that it has delivered a letter to the board of the company. In the letter, Crescendo Partners urges the board of the company to pursue a sale of the company in light of the recent departure of the company's CEO and the offer from DC Capital Partners to acquire the company. Crescendo believes a sale of the company at this time would be the most prudent and effective way to deliver maximum value to shareholders on a risk-adjusted basis for both the short- and long-term. | |
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News For BKR From The Last 14 Days Check below for free stories on BKR the last two weeks. |
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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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