|[December 20, 2012]
Rigrodsky & Long, P.A. Announces Investigation Of Michael Baker Corporation Proposed Buyout
WILMINGTON, Del. --(Business Wire)--
& Long, P.A. announces that it is investigating potential legal
claims against the board of directors of Michael Baker Corporation
("Michael Baker" or the "Company") (NYSE MKT: BKR)
regarding possible breaches of fiduciary duties and other violations of
law related to the Company's receipt of a proposal to be acquired by DC
Capital Partners, LLC ("DC Capital").
Click here to learn more: http://www.rigrodskylong.com/investigations/michael-baker-corporation-bkr.
Under the terms of the proposal, public shareholders of Michael Baker
will receive $24.25 per share in cash for each share of Michael Baker
The investigation concerns the Company's board of directors' process for
consideration of the proposed transaction, whether Michael Baker is
acting in its shareholders' best interests and whether the proposed
consideration to be paid to Michael Baker's shareholders would be fair
and adequate. According to Yahoo! Finance, at least one analyst has set
a price target for Michael Baker stock at $34.00.
If you own the common stock of Michael Baker and purchased your shares
before December 19, 2012, 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 contact Peter Allocco at Rigrodsky
& Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York
11530 toll free at (888) 969-4242, by e-mail to firstname.lastname@example.org,
or at: http://www.rigrodskylong.com/investigations/michael-baker-corporation-bkr.
& Long, P.A., with offices in Wilmington, Delaware and Garden
City, New York, regularly prosecutes securities
class, derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in states
and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
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