Directors Fight Order Stopping $397M Michael Baker Buyout

Law360, New York (October 3, 2013, 7:58 PM EDT) -- The directors of engineering firm Michael Baker Corp. on Thursday blasted a lawsuit by a minority shareholder attempting to halt the firm's $397 million buyout by Integrate Missions Solutions, noting in a Pennsylvania federal court motion that the investor owns just $405 of Michael Baker stock.

Michael Baker, which first announced the sale in July, called the claim by plaintiff Special Trading Fund in the Western District of Pennsylvania "specious" and said the fund cannot meet any of the elements of the test for injunctive relief....
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