Baker and IMS complete merger, IMS changes name to Michael Baker International, LLC

PITTSBURGH — Michael Baker Corporation and Integrated Mission Solutions, LLC (IMS), an affiliate of DC Capital Partners, LLC, announced the successful consummation of the previously announced merger of IMS’s wholly owned subsidiary, CDL Acquisition Co. Inc. (Merger Sub), with and into Baker. In connection with the merger, IMS is changing its name to Michael Baker International, LLC.

Under the terms of the merger agreement and as a result of the merger, each share of common capital stock of Baker remaining outstanding after the completion of Merger Sub’s tender offer for all of the common capital stock of Baker (other than those as to which holders properly exercise dissenters rights, if any) was converted into the right to receive an amount equal to $40.50 in cash, without interest and subject to any applicable withholding taxes. As a result of the merger, Baker is a wholly owned subsidiary of Michael Baker International.