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Stock Market & Financial Investment News

News Breaks
February 13, 2013
06:42 EDTPIKEPike Electric downgraded to Neutral from Buy at Janney Capital
Janney downgraded Pike Electric due to valuation. Price target remains $13.
News For PIKE From The Last 14 Days
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December 22, 2014
15:41 EDTPIKEPike announces completion of its acquisition by Court Square Capital Partners
Pike Corporation announced the completion of its acquisition by Court Square Capital Partners in partnership with J. Eric Pike, the company's Chairman and CEO.Under the terms of the merger agreement, Pike shareholders will receive $12.00 in cash, without interest and less any applicable withholding taxes, for each share of Pike common stock they hold. The transaction was approved at a special meeting of shareholders held on December 18. Trading in Pike's common stock will conclude at the end of business today, and the company has commenced the process to delist its common shares from the New York Stock Exchange.Mr. Pike said: "I am pleased that our public shareholders supported this transaction at an attractive valuation and am excited about the new chapter for Pike going forward as a private enterprise."
December 9, 2014
08:23 EDTPIKEPike Corp. announces ISS recommends holders vote FOR proposed sale transaction
Pike Corporation announced that Institutional Shareholder Services, or ISS, an independent proxy voting and corporate governance advisory firm, has recommended that the company's shareholders vote "FOR" the proposed sale transaction for $12.00 per share in cash.

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