EnergySolutions, Inc. (NYSE:ES) Investor Investigation Over Potential Breaches Of Fiduciary Duties In Takeover Announced

If you purchased shares of EnergySolutions, Inc. (NYSE:ES) prior to January 7, 2013, and currently hold any of those NYSE:ES shares, you have certain options and you should contact the Shareholders Foundation, Inc.

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Jan. 07, 2013 (Shareholders Foundation) -- An investigation on behalf of investors in EnergySolutions, Inc. (NYSE:ES) shares was announced concerning whether the offer by Energy Capital Partners II, LLC to acquire EnergySolutions, Inc. for $3.75 per NYSE:ES share and the takeover process are unfair to investors in NYSE:ES shares.

The investigation by a law firm concerns whether certain officers and directors of EnergySolutions, Inc. breached their fiduciary duties owed NYSE:ES investors in connection with the proposed acquisition.

On January 7, 2013, EnergySolutions, Inc. (NYSE: ES) announced that it has entered into a acquisition agreement to be acquired by a subsidiary of Energy Capital Partners II, LLC in a transaction with an enterprise value of $1.1 billion. Under the terms of the agreement, EnergySolutions' shareholders will receive $3.75 in cash for each share of common stock.

EnergySolutions, Inc said that the offer represents a premium of approximately 20% over the average closing share price of EnergySolutions' common stock for the 30 days ended January 4, 2013.

However, at least one analyst has set the high target price for NYSE:ES shares at $5.00 per share. In addition shares of EnergySolutions, Inc. (NYSE:ES) traded as recently as March 2012 as high as $5.30 per share.

Therefore the investigation a law firm concerns whether the proposed transaction is unfair to NYSE:ES stockholders.

Specifically, the investigation focuses on whether the EnergySolutions Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.