Investor Aims To Shut Down $1.1B Buy of Nuclear Servicer

Law360, Wilmington (January 11, 2013, 7:37 PM EST) -- An EnergySolutions Inc. investor launched a putative class action Thursday aimed at halting the planned $1.1 billion buyout by Energy Capital Partners, claiming the deal provides a poor payday for shareholders of an already undervalued stock.

Shareholder Terry A. Printz alleges EnergySolutions' board breached its fiduciary duty by unanimously approving the private equity firm's $3.75-per-share offer that would cash out investors before they can realize the benefits of the company's recent upswing, according to the complaint filed in Delaware Chancery Court.

Management and policy changes implemented...
To view the full article, register now.