The Pike Corporation (NYSE:PIKE) board of directors has agreed to sell the company to the the current CEO and an investment firm. If the deal stands, each Pike shareholder would receive $12.00 in cash for each share of stock they own. The transaction as structured between Court Square Capital Partners and Pike Corporation represents a total transaction value of approximately $595 million, consisting of an equity value of approximately $395 million and net debt of approximately $200 million.
Who is the acquiring entities. Court Square Capital Partners in partnership with J. Eric Pike, the Company's Chairman and Chief Executive Officer, will acquire Pike.
State security laws provide shareholders a no cost means to question a proposed sale of a publicly traded company. This review process is deemed a shareholder class action and affords at times shareholders an avenue to investigate fully the proposed transaction. At minimum, this process often obtains answers to the above questions. If you own the common stock of Pike and if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please fill out the contact form on this web page.