Pike Corporation Management Buyout Alert -- Leading National Securities Law Firm Seeks Higher Price For Shareholders

NEW YORK, Aug. 4, 2014 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisition of Pike Corporation (NYSE: PIKE) ("PIKE" or the "Company") on behalf of its shareholders.  Pike announced that it has signed a definitive merger agreement under which investment firm Court Square Capital Partners in partnership with J. Eric Pike, the Company's Chairman and Chief Executive Officer, will acquire the Company in a transaction in which each of the Company's shareholders will receive $12.00 in cash per share.

The investigation concerns possible breaches of fiduciary duty and other violations of state law by the CEO and the Board of Directors of PIKE for not acting in PIKE shareholders' best interests in connection with the sale process of PIKE.  The investigation seeks to determine if there was an adequate auction process and if CEO J. Eric Pike is underpaying for PIKE shares.  Indeed, an analyst has projected that the true going forward inherent value of PIKE is worth at least $13 per share, and the stock traded as high as $12.57 within the past year. In addition, the investigation seeks to determine if there were any conflicts of interest on the part of the Chairman and CEO in buying the Company for his own self-interests.

If you are a shareholder of PIKE and would like additional information regarding this matter, at no cost or expense, please contact us at:

Tripp Levy PLLC
New York, New York
Toll free: 1-800-511-7037
Email: [email protected] 
www.tripplevy.com

Tripp Levy PLLC represents individual and institutional investors in shareholder actions and, along with its affiliates, has recovered billions of dollars for shareholders in securities actions.  Tripp Levy PLLC has become affiliated with Milberg LLP.  Attorney advertising.  Prior results do not indicate a similar outcome

SOURCE Tripp Levy PLLC

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