EnergySolutions Inc., the Salt Lake City-based nuclear waste company, said it has struck a deal to be acquired by a subsidiary of Energy Capital Partners in a transaction valued at $1.1 billion.
Stockholders of the company will receive $3.75 in cash for each share of common stock they own.
EnergySolutions said the price represents a premium of 20 percent over the average closing price of its stock in the 30-day period ended on Jan. 4.
"For our shareholders, this transaction offers compelling value, representing a substantial premium to our share price over recent months," David Lockwood, CEO and president of EnergySolutions, said in a statement announcing the deal. "For our company, this transaction enables us to continue to executive on our strategic plan by providing the investment capital to expand and grow our business." Salt LakeTribune
