Crescendo Partners Urges Sale of Michael Baker (BKR)

December 26, 2012 4:03 PM EST
Crescendo Partners, a shareholder of Michael Baker Corporation (NYSE: BKR), today announced that it has delivered a letter to the Board of Directors of the Company.

In the letter, Crescendo Partners urges the Board of Directors of the Company to pursue a sale of the Company in light of the recent departure of the Company's CEO and the offer from DC Capital Partners to acquire the Company. Crescendo believes a sale of the Company at this time would be the most prudent and effective way to deliver maximum value to shareholders on a risk-adjusted basis for both the short- and long-term.


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