Leading Proxy Advisory Firm ISS Recommends Pike Shareholders Vote

MOUNT AIRY, N.C., Dec. 9, 2014 (GLOBE NEWSWIRE) -- Pike Corporation (NYSE:PIKE) 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.

ISS summarized its recommendation as follows:                                                         

"A vote FOR this transaction is warranted in light of the compelling valuation and the reasonable sales process, which provided meaningful safeguards for the interests of unaffiliated shareholders."*

The special meeting is scheduled be held at 9:00 a.m., Eastern Time, on Thursday, December 18, 2014, at the Company's principal executive offices located at 100 Pike Way, Mount Airy, North Carolina 27030. The Company's shareholders of record as of the close of business on October 31, 2014, will be entitled to notice of, and to vote at, the special meeting.


Regardless of the number of shares you own, your vote is important. The affirmative vote (in person or by proxy) of the holders of a majority of the Company's outstanding shares of common stock entitled to vote on the matter is required to approve the proposal to approve the merger agreement.  Failing to vote your shares will have the same effect as a vote "AGAINST" the proposal to approve the merger agreement.  Shareholders who have any questions or need assistance voting their shares should contact the Company's proxy solicitor, Georgeson Inc., toll free at (888) 605-8334.

Please take a moment to vote "FOR" the proposal to approve the merger agreement today - by telephone, via the Internet or by completing, signing, dating and returning the form of proxy card mailed to the Company's shareholders with the definitive proxy statement on or about November 18, 2014.

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