EnergySolutions Receives Amended Buy Offer, Major Shareholder Now in Favor of Deal; Shares Jump 10% As Resumes Trading


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EnergySolutions, Inc. ( ES ) shares are up more than 10% following a removal from a trading halt. Shares were halted before the company announced that it has signed an amendment to its definitive acquisition agreement with a subsidiary of Energy Capital Partners II, LLC. Under the amended agreement, ES's shareholders will now receive $4.15 in cash for each share of common stock.

In addition, Carlson Capital, L.P., the largest beneficial institutional owner of the company's stock, who had previously voiced opposition to the acquisition, has informed the company that they intend to vote in favor of the transaction based on the amended terms.

ES shares last changed hands at $4.11. The stock has traded in a 52-week range of $1.43 - $4.69.

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This article appears in: Investing , Commodities

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