Duratek (NASDAQ:DRTK)
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From Jun 2019 to Jun 2024
Duratek, Inc. (NASDAQ:DRTK) today announced the
completion of its $396 million acquisition by EnergySolutions, LLC
under the definitive agreement, announced on February 7, 2006.
Duratek's stockholders approved the sale of the company to
EnergySolutions at a special meeting of stockholders held on June 6,
2006.
Commenting on completion of the transaction, Robert E. Prince, CEO
of Duratek stated, "The acquisition by EnergySolutions not only
provided very significant current value for our stockholders, but, as
important, it enables Duratek to become an even more significant
service provider in its markets." Steve Creamer, CEO of
EnergySolutions, added, "Duratek is an integral part of our company
and our objective to be a major international nuclear service supplier
committed to meeting the needs of government and the nuclear
industry."
Duratek common stock will cease to trade on the NASDAQ National
Market at market close today and will be delisted. Under the terms of
the agreement between the two companies, former stockholders of
Duratek are entitled to receive $22.00 in cash, without interest, for
each share of Duratek common stock. As soon as practicable, a paying
agent appointed by EnergySolutions will mail a letter of transmittal
and instructions to all Duratek stockholders of record. The letter of
transmittal and instructions will contain information on how to
surrender Duratek common stock in exchange for the merger
consideration, without interest. Stockholders of record should be in
receipt of the letter of transmittal before surrendering their shares.
Stockholders who hold shares through a bank or broker will not have to
take any action to have their shares converted into cash as such
conversions will be handled by their bank or broker.
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.