EnergySolutions Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to Energy Capital Partners
DALLAS--(BUSINESS WIRE)-- Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of EnergySolutions, Inc. ("EnergySolutions") (NYS: ES) to a subsidiary of Energy Capital Partners II, LLC for shareholders. Under the terms of the proposed deal with an enterprise value of $1.1 billion, EnergySolutions shareholders will only receive $3.75 in cash for each share of EnergySolutions stock owned, well below at least one analysts' estimated value of $5.00 per share.
If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Zach Groover at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at firstname.lastname@example.org or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.
The EnergySolutions sale investigation centers on whether EnergySolutions' shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues EnergySolutions' stock, and whether EnergySolutions' board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. Notably, at least one analyst with Yahoo! Finance has estimated that the true inherent value of EnergySolutions could be as high as $5.00 per share, well above the proposed sale price. Shareholder rights attorney Willie Briscoe stated that "due to the proposed sale price, the size of the deal and other factors, we believe this transaction may undervalue EnergySolutions' stock. Our proposed lawsuit will seek to obtain the highest share price for all shareholders."
The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
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The article EnergySolutions Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to Energy Capital Partners originally appeared on Fool.com.
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