Pike Corporation Stockholders Encouraged to Contact Securities Law Firm about Takeover

NEW YORK, Sept. 25, 2014 /PRNewswire/ -- Securities lawyers at Dunnam & Dunnam are investigating the board of Pike Corporation (NYSE MKT: PIKE) in connection with the sale of Pike to Court Square Capital Partners. Concerned PIKE investors are encouraged to contact attorney Hamilton Lindley by clicking here.

Under the terms of the transaction, Pike shareholders will receive $12.00 for each share they own.  The transaction may undervalue Pike and represents a loss or no real gain for many long-term shareholders.  On May 3, 2013, Pike shares traded at $15.68 per share and an analyst has set a price target of $13.00 per share. The law firm's investigation will concern whether the Board breached their fiduciary duties to stockholders by failing to adequately shop Pike and whether Court Square is underpaying for Pike shares.    

Dunnam & Dunnam has significant experience representing shareholders in securities lawsuits nationwide. PIKE stockholders – or anyone with knowledge about this situation – should contact lawyer Hamilton Lindley at [email protected] with questions, toll free at (844) 702-2990 or visit http://www.dunnamlaw.com/PIKE.

SOURCE Dunnam & Dunnam