Pike Electric (PIKE) 12.01 $PIKE Merger Arbitrage

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Pike Electric (PIKE) 12.01 $PIKE

Merger Arbitrage Mondays - December 29, 2014
Asif Suria - at Seeking Alpha - Mon Dec 29, 10:06AM CST
Merger activity decreased last week with three new mergers announced and three deals closing. You can find all the active deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: ...
CACQ: 6.99 (+0.09), PIKE: 12.01 (+0.01), PRLS: 6.96 (-0.02), MGAM: 36.44 (-0.01), VSCI: 0.39 (-0.02), UPI: 1.10 (-0.03), CZR: 9.44 (unch), OPLK: 24.23 (-0.03), GCA: 7.65 (-0.05)

Pike Completes Go-Private Transaction
GlobeNewswire - Mon Dec 22, 2:36PM CST
Pike Corporation (NYSEIKE), one of the nation's largest specialty construction and engineering firms serving the electric power industry, announced today the completion of its acquisition by Court Square Capital Partners in partnership with J. Eric Pike, the Company's Chairman and Chief Executive Officer.
PIKE: 12.01 (+0.01)

Leading Proxy Advisory Firm ISS Recommends Pike Shareholders Vote "FOR" Proposed Sale Transaction at $12.00 per Share in Cash
GlobeNewswire - Tue Dec 09, 8:12AM CST
Pike Corporation (NYSEIKE) today announced that Institutional Shareholder Services ("ISS", a leading 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.
PIKE: 12.01 (+0.01)

Pike Corporation Q1 Earnings and Revenues Lag Estimates - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Nov 11, 9:50AM CST
Pike Corporation (PIKE) reported adjusted loss of 5 cents per share for fiscal first-quarter 2015 (ended Sep 30, 2014). This compares unfavorably with 3 cents earned in the year-ago quarter and the Zacks Consensus Estimate of 14 cents per share.
UTL: 34.54 (+0.22), PIKE: 12.01 (+0.01), PCG: 53.96 (+0.35), BKH: 51.88 (+1.31)

Pike posts 1Q loss
Automated Insights - Mon Nov 10, 8:22AM CST
MOUNT AIRY, N.C. (AP) _ Pike Corp. (PIKE) on Monday reported a loss of $2.4 million in its fiscal first quarter.
PIKE: 12.01 (+0.01)

Pike EPS of -$0.07
Seeking Alpha - at Seeking Alpha - Mon Nov 10, 8:16AM CST

PIKE: 12.01 (+0.01)

Pike Corporation Reports Fiscal First Quarter 2015 Results
GlobeNewswire - Mon Nov 10, 8:00AM CST
Pike Corporation (NYSEIKE), one of the nation's largest specialty construction and engineering firms serving the electric power industry, today reported fiscal first quarter 2015 results for the period ended September 30, 2014. Total revenue in the first quarter 2015 was $212.2 million, up 10% compared to $193.3 million in the year-ago period. In the first quarter 2015 the Company reported a net loss of $2.4 million or $0.07 per diluted share. Results included fees and expenses of $0.5 million (pre-tax) or $0.02 per diluted share, related to the merger agreement to take the Company private announced August 4, 2014. In the year-ago period the Company reported net income of $1.0 million or $0.03 per diluted share.
PIKE: 12.01 (+0.01)

MetWest Capital Management Expresses Strong Opposition to Proposed Merger of Pike Corp. and Court Square Capital Partners
Business Wire - Fri Nov 07, 1:06PM CST
Metropolitan West Capital Management, LLC ("MWCM" has expressed strong opposition to the proposed merger of Pike Corp. (NYSE: PIKE) with entities controlled by Court Square Capital Partners (CSCP) and J. Eric Pike, the Company's current CEO. The MWCM portfolio management team, which currently holds approximately 15% of the outstanding common stock of Pike Corp. ("the Company", believes the Company has not made an adequate case in favor of the Merger; that the Merger undervalues the Company; and that the Merger is not in the best interests of the Company's shareholders.
PIKE: 12.01 (+0.01)

NYSE stocks posting largest volume decreases
AP - Tue Nov 04, 5:02PM CST
NEW YORK (AP) — A look at the 10 biggest volume decliners on New York Stock Exchange at the close of trading:
FRF: 9.97 (+0.04), PIKE: 12.01 (+0.01), LIN: 25.00 (-0.65), PBFX: 22.25 (-0.12), ARL: 5.15 (-0.04), SR: 0.91 (-0.12), MS: 36.50 (+0.39)

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