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Acquisition of EnergySolutions, Inc. by a Subsidiary of Energy Capital Partners II, LLC May Not Be in EnergySolutions, Inc. Shareholders' Best Interests

SAN DIEGO and SALT LAKE CITY, Jan. 7, 2013 /PRNewswire/ -- Shareholder rights attorneys at Robbins Arroyo LLP are investigating the acquisition of EnergySolutions, Inc. (NYSE: ES) by a subsidiary of Energy Capital Partners II, LLC.  EnergySolutions engages in the provision of nuclear services to government and commercial customers globally.    

(Logo: http://photos.prnewswire.com/prnh/20130103/MM36754LOGO)

On January 7, 2013, EnergySolutions announced that it had entered into a definitive merger agreement to be acquired by a subsidiary of Energy Capital Partners.  Pursuant to the agreement, EnergySolutions' shareholders will receive $3.75 in cash for each share of common stock.  The transaction has been approved by the board of directors of EnergySolutions.  Additionally, it is expected that EnergySolutions will operate as a standalone business operation with the current management team remaining in place.  

The Board of Directors' Actions May Prevent EnergySolutions Shareholders from Receiving the Maximum Value for Their Stock

Robbins Arroyo LLP's investigation focuses on whether the board of directors at EnergySolutions is undertaking a fair process to obtain maximum value and adequately compensate its shareholders or seeking to benefit themselves.  The $3.75 per share offer price is below the target price set by at least six analysts.  In fact, an analyst at D.A. Davidson has had a price target of $6 since April 1, 2012.  Moreover, Imperial Capital analyst Andrew Casella, who has a price target of $4.75, concluded that "[t]he price they are offering is low" acknowledging that the company has a "unique set of assets" and "is definitely a growth story going forward."

Further, company's stock has traded above the offer price on numerous occasions throughout the last year and has traded as high as $9.35 on January 13, 2010.  

Finally, on November 9, 2012, EnergySolutions reported financial results for the third quarter 2012, reflecting increases in revenue, net income, and gross profit over the third quarter for the prior year.  Moreover, EnergySolutions' third quarter results beat analyst expectations.  

Given, these facts, the firm is examining the board of directors' decision to sell EnergySolutions now rather than allow shareholders to continue to participate in the company's continued success and future growth prospects.   

EnergySolutions shareholders have the option to file a class action lawsuit against the company to secure the best possible price for shareholders and the disclosure of material information so shareholders can vote on the transaction in an informed manner. EnergySolutions shareholders interested in information about their rights and potential remedies can contact Darnell R. Donahue at (800) 350-6003, ddonahue@robbinsarroyo.com, or via the shareholder information form on the firm's website.

Robbins Arroyo LLP is a nationally recognized leader in securities litigation and shareholder rights law.  The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.  For more information, please go to http://www.robbinsarroyo.com.

Press release link: http://www.robbinsarroyo.com/shareholders-rights-blog/energysolutions-inc/

Attorney Advertising.Past results do not guarantee a similar outcome.  

Contact:
Darnell R. Donahue
Robbins Arroyo LLP
ddonahue@robbinsarroyo.com 
(619) 525-3990 or Toll Free (800) 350-6003
www.robbinsarroyo.com

SOURCE Robbins Arroyo LLP

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

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