IES and MISCOR Announce Merger Consideration Determination

Integrated Electrical Services (IES) and MISCOR Group have announced a merger consideration, where each MISCOR common stock will be converted into the right to receive either 0.3118 shares of IES common stock or $1.48 in cash, subject to a maximum cash amount. The deadline for election is 5:00 p.m. New York time. The merger will result in MISCOR being merged into IES Subsidiary Holdings, a wholly-owned subsidiary of IES.