Dec. 19, 2012 (Shareholders Foundation) -- An investigation on behalf of investors in Michael Baker Corp (NYSEAMEX:BKR) shares was announced concerning whether a takeover of Michael Baker Corp would be unfair to investors in NYSEAMEX:BKR shares.

The investigation by a law firm is at an early stage and concerns whether a potential takeover would be unfair to NYSEAMEX:BKR investors.

On December 19, 2012, Michael Baker Corporation said that it has received a letter from DC Capital Partners proposing that KS International, LLC, in which DC Capital has a controlling interest, acquire Baker at $24.25 per share in cash and is prepared to immediately negotiate and execute definitive agreements.

However, at least one analyst has set the high target price for shares of Michael Baker Corp (NYSEAMEX:BKR) at $34.00 per share and NYSEAMEX:BKR shares traded as recently as July 2012 as high as $26.43 per share, thus well above the current offer.

Therefore the investigation a law firm concerns whether the Michael Baker Board of Directors will undertake an adequate sales process, adequately shop the company before entering into any transaction, maximize shareholder value by negotiating the best price, and act in the shareholders' best interests in connection with the proposed sale.