Michael Baker Files to Sell $125M of Common Stock

Michael Baker Corporation BKR announced today that it has filed a universal shelf registration statement on Form S-3 with the Securities and Exchange Commission (SEC). Under the shelf registration, if and when declared effective by the SEC, the Company may sell, from time to time, up to $125 million of its common stock or debt securities, either individually or in units, in one or more offerings. The shelf registration is designed to permit the Company to take advantage of favorable market conditions and to access the capital markets as well as provide financial flexibility to fund its growth objectives.