Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of EnergySolutions, Inc. Share
Jan 8th 2013 3:05PM
Updated Jan 8th 2013 3:12PM
Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of EnergySolutions, Inc. Shareholders
NEW YORK--(BUSINESS WIRE)-- Kirby McInerney LLP is investigating potential claims against the Board of Directors of EnergySolutions, Inc. ("EnergySolutions" or the "Company") (ES) related to the proposed acquisition of the Company by a subsidiary of Energy Capital Partners II, LLC ("ECP"). Under the terms of the proposal, ECP will acquire all of the outstanding common stock of EnergySolutions for $3.75 per share in cash, in a transaction with an enterprise value of approximately $1.1 billion.
The investigation concerns whether the EnergySolutions Board of Directors is violating its fiduciary duties in connection with this proposal and whether the $3.75 per share consideration adequately values EnergySolutions common shares. The offer price represents a mere 20% premium to the share price on January 4, 2013, the day before the transaction was announced, and the median analyst target for the stock is $4.50.
If you are an EnergySolutions shareholder and wish to obtain additional information, please contact J. Brandon Walker, Esq. by email at firstname.lastname@example.org, or by telephone at (212) 699-1145 or (888) 529-4787 or fill out a contact form.
Kirby McInerney LLP is a New York-based law firm concentrating in securities, shareholder, whistleblower, antitrust and consumer litigation. For additional information, please go to www.kmllp.com.
Kirby McInerney LLP
J. Brandon Walker, Esq.
212-699-1145 or 888-529-4787
KEYWORDS: United States North America New York
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