Pike Electric shareholders OCM, Oaktree Capital sell more shares, keep 8.04% stake

By Lisa Kerner

Charlotte, N.C., Dec. 9 - Pike Electric Corp. investors led by OCM Principal Opportunities Fund IV Delaware GP Inc. and Oaktree Capital Group Holdings, LP sold 481,090 shares between Oct. 16 and Dec. 5 at prices from $11.62 to $12.30 each, according to a schedule 13D/A filed with the Securities and Exchange Commission.

The investors beneficially own approximately 2.68 million shares, or 8.04%, 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.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.