OCM Principal Opportunities sells 367,005 shares of Pike Electric

By Lisa Kerner

Charlotte, N.C., Oct. 17 - A group of Pike Electric Corp. investors led by OCM Principal Opportunities Fund IV Delaware GP Inc. and Oaktree Capital Group Holdings, LP sold 367,005 shares between Aug. 11 and Aug. 22 at prices from $17.251 to $17.854 each, according to a schedule 13D filed with the Securities and Exchange Commission.

The investors beneficially own 3,163,906 shares, or 9.52%, of the Mount Airy, N.C.-based company.

Pike Electric, together with its subsidiaries, provides outsourced electric distribution and transmission services in the United States.

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