(nuclear.com, Feb 21, 2013) -- Companies associated with Clint D. Carlson informed the Securities and Exchange Commission today that they oppose the acquisition offer that EnergySolutions Inc's board has approved. The current deal is for private equity firm Energy Capital Partners LLC (ECP) to buy EnergySolutions for $3.75 per share -- that works out to about $1.1 billion.
The Carlson companies told SEC that "The Reporting Persons do not believe the current offer by Energy Capital Partners ("ECP") to acquire all shares of the Issuer's outstanding Common Stock for $3.75 per share pursuant to an Agreement and Plan of Merger, dated as of January 7, 2013 (the "Merger"), reflects the fair underlying value of the Issuer. Among other things, the Reporting Persons believe that the offer by ECP does not appropriately value the Issuer's Zion project. In particular, the Reporting Persons believe that the Issuer and its investment banker, Goldman, Sachs & Co., are assigning insufficient value to the restricted cash associated with the Zion project...
Read more at http://news.nuclear.com/blog7.php/energysolutions-1-1-billion-isn#OW1HQkwfQ2Q0o22p.99
