Duratek (NASDAQ:DRTK)
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Duratek (NASDAQ:DRTK) today announced that the waiting
period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976,
with respect to the proposed acquisition of Duratek by
EnergySolutions, has ended. As a result, no further antitrust
regulatory review of the merger will be required. As previously
announced, the transaction is subject to approval by certain federal
and state governmental authorities regarding the transfer of certain
permits, approval by Duratek's stockholders, and other customary
closing conditions. Duratek expects the transaction to close during
the second quarter of 2006, following approval by Duratek's
stockholders and the satisfaction of all other closing conditions.
About Duratek
Duratek provides safe, secure radioactive materials disposition
and nuclear facility operations for commercial and government
customers.
About EnergySolutions
EnergySolutions provides services and solutions to the nuclear
energy industry. The company has the technical expertise and
state-of-the-art resources to safely and responsibly handle the
nuclear waste management process.
Important Additional Information and Where to Find It
Duratek will file with the Securities and Exchange Commission a
definitive proxy statement and other documents regarding the proposed
business combination referred to in the foregoing information.
Investors are urged to read the proxy statement when it becomes
available because it will contain important information. A definitive
proxy statement will be sent to Duratek's stockholders seeking their
approval of the transaction. Investors may obtain a free copy of the
proxy statement and other documents filed by Duratek with the
Commission at the Commission's website at www.sec.gov, or by directing
a request to: Diane Brown, Corporate Secretary, Duratek Inc., 10100
Old Columbia Road, Columbia, Maryland 21046.
Duratek, its directors, and its executive officers may be
considered participants in the solicitation of proxies in connection
with the proposed transaction. Information about the directors and
executive officers of Duratek and their ownership of Duratek stock is
set forth in Duratek's Annual Report on Form 10-K for the fiscal year
ended December 31, 2005 and in the proxy statement for Duratek's 2005
annual meeting of stockholders. Investors may obtain additional
information regarding the interests of such participants by reading
the proxy statement when it becomes available.
Safe Harbor
This press release contains "forward-looking statements" as
defined in the Private Securities Litigation Reform Act of 1995. These
forward-looking statements include, but are not limited to, statements
related to Duratek's expected timeframe for the completion of the
acquisition of Duratek by EnergySolutions. These statements are based
on current expectations, forecasts and assumptions that are subject to
risks and uncertainties, which could cause actual outcomes and results
to differ materially from these statements. Risks and uncertainties
include the satisfaction of the conditions to closing, including
receipt of stockholder approval. All forward-looking statements are
also expressly qualified in their entirety by the cautionary
statements detailed from time to time in Duratek's filings with the
Commission, including its quarterly reports on Form 10-Q and its
annual report on Form 10-K. The information set forth herein speaks
only as of the date hereof, and Duratek disclaims any intention or
obligation to update any forward-looking statements as a result of
developments occurring after the date hereof.