Salt Lake City-based EnergySolutions Inc. is pushing forward with plans to return the company to private ownership.
The company, which operates a mile-square nuclear waste disposal site in Tooele County, is set to be purchased by the private equity firm, Energy Capital Partners. For 30 days, during a "go-shop" period, the company solicited offers from other prospective buyers but none of two dozen alternative purchases made an acceptable offer, the company said in a news release.
![]() |
Join the Discussion |
![]() |
Post a Comment |
"Despite conducting an active and extensive solicitation process, the Company did not receive an alternative acquisition proposal from any potential buyer during the ‘go shop’ period," according to the news release.
In addition, the United Kingdom Nuclear Decommissioning Authority, has approved the change of ownership.
But the company still needs the consent of the U.S. Nuclear Regulatory Commission, state regulators and shareholders, some of whom have already filed suit over the $1.1 billion deal. The objecting shareholders contend EnergySolutions shares (ES:NYSE) are worth more than the $3.75 per share price they have been promised.
EnergySolutions stock closed at $3.78 per share on Wednesday.
A proxy statement is due "shortly," the news release said. The company hopes to complete the sale in the second or third quarter of 2013.
Twitter: @judyfutah
-
As Utah’s star rises after 2 recessions, lessons linger
Published May 18, 2013 09:39:09PM -
Utah gun sales, permits triple since Sandy Hook
Published May 18, 2013 09:36:14PM -
Prep boys’ track: Kafentzis leads Jordan sweep of throwing golds
Published May 18, 2013 09:29:02PM -
SLCC softball falls in title game
Published May 18, 2013 09:29:02PM
Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.






