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.

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