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Stock Market & Financial Investment News

News Breaks
December 26, 2012
16:02 EDTBKRCrescendo 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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